3 years We will compare them to each other and they are 2015 , 2019 , 2023. and we use 200 ema on all these years.
🔸let's begain with 2015
- we can notice that after that retest ... price breakout the 200 ema... we will find that correction reach about 23% before bullrun as shown in the chart.
- this breakout and start of correction to the lowest point was in august
🔸we can notice that the same with 2019
- price breakout 200ema ,,, retest ,,, make correction but this time reach about 53% before bullrun.
-- this breakout and start of correction to the lowest point was in september
🔸is this scenario repeated now in2023?
lets see..: -breakout 200ema and trading above ,,, several times of retest,,, and now breakout the 200ema and trading below a few days ago... according to 2015, 2019 scenario shown in the chart we can expect one of these 2 levels is the bottom (20k)or(12k) then start the bullrun.
-- this breakout of 200EMA and start of correction happen in august as will.
This is not coincidence, my friend... it really happen as u see in the chart.
tell me in the comment wich scenario u recommend to happen.?
🔸according to that i expect there is a last drop will happen and this will be in the Q4 then start bullrun...then u have a good point to buy .
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as shown u can see in 2019, 2015 that is Half of the year is positive and the other half is negative according to that in 2023 Q1, Q2 were positive ...meaning Q3,Q4 will be negative.. that's really happen bro
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All are happy for a previous positive news where are they now? Remember what i say in this idea very well . U can use it as a refrences
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Post your alt in comment i can give u advice.
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The golden level of 0.618 is located at the most important support available for Bitcoin now, which bulls struggled a lot to break and trade above. What I think is that support will be broken soon and trading will take place below it in order to destroy the morale of the bulls and it will also be a trap for the bears and the bull run will begin.
@mailkoo my target not 5k ...iam not talking about 5k in my idea . according to 2015, 2019 scenario then targets as shown in the chart 20k , 12k maybe reach below 12k , maybe reach above 20k as well.
B_Musk
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You’re getting too caught up on price action in relation to the moving averages. There are so many other points of analysis to factor in, which if considered would point to there being another leg up, likely peak around 40k-60k before consolidation.
ceciliones
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@B_Musk that's not true ...i using moving average besides many indicators and technical analysis.. besides the fundamental analysis and news and the economy position
B_Musk
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@ceciliones, That may be the case, but your post doesn't indicate that, which is the context my feedback is being directed at. Also if you're going to use fractals, consider that the double bottom that preceded the last two bull runs (2015 & 2019-2020) already happened between May and November of 2022. We're now in the equivalent of the 2020 defi summer run up, but moving at a much much slower rate than previous recovery runs.
B_Musk
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@B_Musk, alt season pt II is upon us as BTC climbs to its next consolidation zone. Macro bull run should start sometime during H1 of next year.
FantomHoldings
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the only issue is this. if everyone thinks it's going to 17 its definitely not going to.
ceciliones
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@FantomHoldings i agree with u ...but not every one think it's going to 17K i can see many traders are bullish
FantomHoldings
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in your own analysis would you say we're in a bull market?
ceciliones
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@FantomHoldings absolutely no ...who can say that we are in bull market.? in my analysis here iam telling that iam bearish according to many data showing.