This is just an application of Time@Mode rules and fundamentals (and sentiment) to plot what the Bitcoin chart will possibly look like over time according to my analysis.
I'll be monitoring sentiment and fundamentals to determine if we do bottom and start basing here, or if we will test the next support level below, since there is an active 2-week time-frame downtrend still active as per the chart on the left. The 2-month bars show a potential level where the next long term mode will form, similarly to the level we saw form at $442 from 2013 to 2015, before starting to trend steadily up when breaking up from it.
The next bull run will also adhere to Time@Mode logic, like any trend does, so we can already guesstimate even how high and for how long it may go, with moderate accuracy right now.
This is subject to change over time, but most of the structure for the trend is already set in place. I expect to maintain 75% of this analysis intact, or more.
Cheers,
Ivan Labrie.
I'll be monitoring sentiment and fundamentals to determine if we do bottom and start basing here, or if we will test the next support level below, since there is an active 2-week time-frame downtrend still active as per the chart on the left. The 2-month bars show a potential level where the next long term mode will form, similarly to the level we saw form at $442 from 2013 to 2015, before starting to trend steadily up when breaking up from it.
The next bull run will also adhere to Time@Mode logic, like any trend does, so we can already guesstimate even how high and for how long it may go, with moderate accuracy right now.
This is subject to change over time, but most of the structure for the trend is already set in place. I expect to maintain 75% of this analysis intact, or more.
Cheers,
Ivan Labrie.
I expect this strength to fade after buyers run out of ammo...and miners keep pummeling longs
big mining firms can survive with btc at $1500, easily, since they have locked in contracts with big hydro power sources, to have 0.02usd kwh rates for like 2-3 years according to research I've read about.
Would be a good level to induce capitulation on smaller mining firms, to let Bitmain and others regain market share...and stop forcing prices down. Reminds me of the dynamics we had when oil was falling due to Saudis constantly increasing production to force shale oil out of the equation, right before oil bottomed long term.