BREAKING: BTC to $5,200 then $1,800 BOTTOM!!! Fractal From 2015
Hello Everyone,
Before we get started, follow us on Instagram @Gr8investor_ & join our FREE Telegram group (link the comments) for news, updates etc.
This is my first published idea on TV, so bare with me. I will be comparing trend lines, percentage gains & lost, spike zones (bottoms), accumulation zones and more from the 2015 bottom to what could be the 2019 bottom.
I have found an interesting pattern from the 2015 bottom that could help us better understand where we are in today's market for Bitcoin. If you look at my chart from 2015 you can see that Bitcoin created what people believed at the time was the "bottom" at $276.88. We then created a higher low at $319.73 and then a higher high at $455.44. Signaling to everyone that the bottom is in and we are in for bullish continuation. From that "bottom" of $276.88 we saw a +64% increase to $455.44. We then saw a a long upper wick of profit taking and then a strait dump to $152.53 (-66%). NOTE: The RSI hit oversold when BTC got to $276.88 then moved higher there and then hit a lower low once BTC finally hit the real bottom. I have circled these in yellow. From the bottom of the wick to the closure of the weekly candle we saw a gain of +36%. We then entered the accumulation zone between $210 & $319.73 (where the higher low was created before the surge and dump). We stayed in this zone for 41 weeks before breaking out with massive volume to test the ascending trend line. This marked the start of a new bull run.
Now, we find ourselves in a very similar situation today. After a massive drop from the 6k region, BTC is believed to have formed a "bottom" at $3,123.07, similar to that of $276.88. We then formed a higher low ($3331.58) similar to $319.73 and are now attempting to reach a higher high which I believe will be at $5,200 similar to that of $455.44 (+66% increase). NOTE: The RSI hit oversold when BC got to $3,123.07 and is now moving higher. If this fractal plays out and we dump, RSI can reach a lower low similar to that of 2015 which I have circled these in yellow. Everyone will believe the bottom is in and the bull run has started. We will the dump to $1,800 (-65%) where we will find our true bottom in 2019. We will spike to the $1,800 region so you will need to catch it quickly as we will then close the weekly candle up around +36% (compared to 36% from 2015) to $2,500. We will then enter the accumulation zone which I predict to be between $2,500 & $3,300.
BTC was in the accumulation zone for 41 weeks in 2015 before finally breaking out to the upside. Depending on when BTC reaches the bottom of $1,800, which I can't tell for sure but expect to be sometime in May then 41 weeks of accumulation will bring us to a breakout sometime in February/March 2020.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
- Gr8investor
Before we get started, follow us on Instagram @Gr8investor_ & join our FREE Telegram group (link the comments) for news, updates etc.
This is my first published idea on TV, so bare with me. I will be comparing trend lines, percentage gains & lost, spike zones (bottoms), accumulation zones and more from the 2015 bottom to what could be the 2019 bottom.
I have found an interesting pattern from the 2015 bottom that could help us better understand where we are in today's market for Bitcoin. If you look at my chart from 2015 you can see that Bitcoin created what people believed at the time was the "bottom" at $276.88. We then created a higher low at $319.73 and then a higher high at $455.44. Signaling to everyone that the bottom is in and we are in for bullish continuation. From that "bottom" of $276.88 we saw a +64% increase to $455.44. We then saw a a long upper wick of profit taking and then a strait dump to $152.53 (-66%). NOTE: The RSI hit oversold when BTC got to $276.88 then moved higher there and then hit a lower low once BTC finally hit the real bottom. I have circled these in yellow. From the bottom of the wick to the closure of the weekly candle we saw a gain of +36%. We then entered the accumulation zone between $210 & $319.73 (where the higher low was created before the surge and dump). We stayed in this zone for 41 weeks before breaking out with massive volume to test the ascending trend line. This marked the start of a new bull run.
Now, we find ourselves in a very similar situation today. After a massive drop from the 6k region, BTC is believed to have formed a "bottom" at $3,123.07, similar to that of $276.88. We then formed a higher low ($3331.58) similar to $319.73 and are now attempting to reach a higher high which I believe will be at $5,200 similar to that of $455.44 (+66% increase). NOTE: The RSI hit oversold when BC got to $3,123.07 and is now moving higher. If this fractal plays out and we dump, RSI can reach a lower low similar to that of 2015 which I have circled these in yellow. Everyone will believe the bottom is in and the bull run has started. We will the dump to $1,800 (-65%) where we will find our true bottom in 2019. We will spike to the $1,800 region so you will need to catch it quickly as we will then close the weekly candle up around +36% (compared to 36% from 2015) to $2,500. We will then enter the accumulation zone which I predict to be between $2,500 & $3,300.
BTC was in the accumulation zone for 41 weeks in 2015 before finally breaking out to the upside. Depending on when BTC reaches the bottom of $1,800, which I can't tell for sure but expect to be sometime in May then 41 weeks of accumulation will bring us to a breakout sometime in February/March 2020.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
- Gr8investor
Comment:
Well guys... There was the move up. We should be closing the week candle around 4600. Then we can see a move up to 4900 resistance next week before we tumble.