So far it is undeniable by looking at the chart in front of you that things are playing out like last cycle not just in patterns but in time.
364days it took from last cycle top to bottom landing in the green zone in this Bitcoin model.
Its taken 364days so far from Nov 2021 cycle top to the new lows of 15k and again landing in exact same green zone as previous cycle.
If the pattern continues sometime end of February 2023 we could see Bitcoin pass over into the blue zone and going above 20k.
The USDT dominance chart is not reaching the end of its rising wedge.
I have been saying pretty all year that when this white support breaks we will get some sort of rally , was watching it closely even in my last trade /TA and once again it bounced off .
Time overlap of the last two cycles .
Like clockwork
After all the black swans , all the bad news , all the traders ,content creators , mainstream media outlets calling recession , calling 2008 crashes , Bitcoin is still doing nothing different than the last cycle so far.
I think its done pretty dam well considering the massive deleveraging in the market and the propaganda machine on full blast trying to get you to sell your Bitcoin or even worse to collateralize your Bitcoin on centralized exchanges.
364days it took from last cycle top to bottom landing in the green zone in this Bitcoin model.
Its taken 364days so far from Nov 2021 cycle top to the new lows of 15k and again landing in exact same green zone as previous cycle.
If the pattern continues sometime end of February 2023 we could see Bitcoin pass over into the blue zone and going above 20k.
The USDT dominance chart is not reaching the end of its rising wedge.
Time overlap of the last two cycles .
After all the black swans , all the bad news , all the traders ,content creators , mainstream media outlets calling recession , calling 2008 crashes , Bitcoin is still doing nothing different than the last cycle so far.
I think its done pretty dam well considering the massive deleveraging in the market and the propaganda machine on full blast trying to get you to sell your Bitcoin or even worse to collateralize your Bitcoin on centralized exchanges.
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Rising wedge will break in a week or two on the USDT dom chart just a matter of time
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2018 bottom fractal looking near dam mirror
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would be too easy right ?
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Lets see what happens next important next few days
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If we do infact break to the upside there is a very high chance that the first cycle bottom is in
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USDT dominance Rising wedge its bearish! and this is a very good thing! , Bitcoin reaching end of triangle and USDT dom reaching end of rising wedge! , this is the biggest clue we have of the direction of this next move!
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After more than one year , we have finally closed a weekly candle under this white support line , after bouncing off it time and time again it has now broken
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USDT dominance chart above , the rally can finally start
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21.5-22k local top , sideways Feb , momentum uptick March , June 30th top
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Local top most likely in already! it was a nice run to start the new year! now a pullback and sideways for 30 days
this mirco channel acts as sideways movement for the market will update with new TA soon
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