Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately 51-60 weeks.
150 bars on Bitcoin's weekly price chart, mark the beginning of a next pulse of the growth cycle that we are currently in. Everything in our life is based on cyclical patterns, especially when it comes to financial markets.
If we analyze the rise and fall, we can conclude that the fall occurs faster than the growth of about three times.
Based on Kondratieff's scientific works on periodic waves theory, that refines up and down movements of the modern world economy, we can predict that Bitcoin is yet to go through another 3-4 annual cycles. As many already know, all theories that have worked effectively in traditional financial markets will be carried out into cryptocurrency markets. But until Bitcoin will cross $6,000 price mark, nothing is set in stone.
In this bear market that lasted 51 weeks, a lower channel was formed, which has been broken by a strong impulse movement and high volumes. But at the top, there is a serious mirror in the region of $5,800-$6,000. The MA50 and 100 also have to be broken in order to keep the momentum
An figure is also emerging on the Bitcoin price chart, which could potentially signal upward breakout. Since there are a lot of good news about cryptocurrency and, especially Bitcoin , this could be a unique investment opportunity for the next four years.
Based on your analysis the BTC price will be about 270k in 2-3 years if it passes 6k. Do you really think so?
If YES, than do you think we really need trading ideas for crypto?
We could just buy and hold these 2-3 years doing nothing.
But can we take this risk? I personally trade from level to level, my years in the market told me not to make such assumption, after a bottom the market can give a prize, a new bottom, same is with the tops.
Are you really going to just buy and hold if we break 6k? What are the fundamental reasons for such movement in the long run?
so after 6k price action until 20k then new ATH mean a lot of attention (new buyers) then fomo from 50k to the moon. there is no need for fundamentals to support the price. people are doing it juste fine.
smart money TP target are way higher than yours and it will always be the case.
their buy order are also way lower than yours ^^.
call it a ponzi it don't even matter. what matter is that it is going up since 10 years and it is out performing everything out there at condition that you buy at the right time.
and there is people who it is litteraly the job to know when it is the right time to buy. and these people are buying BTC right now.I hope you can see it.
I did not show the price above 86000
I will continue to publish charts with my trading ideas as short-term, medium-term, and long-term.
I am going to devote my life to studying the financial market, because the market is a teacher for me, I treat him with respect and of course I will share my vision. This is what I do on my page.
Trading from levels is a good strategy for medium and short-term trading, for that respect. What I showed on this chart is the cycles of growth and decline, as well as the trend. And if we talk about myself, then I have a certain amount of bitcoins that I will keep for at least the next 4 years, and also I cannot withdraw from the wallet. I decided to do just that.
Yes, I really believe in the further growth of Bitcoin.
You asked what growth reasons :
3. Limited offer
4. The cyclicality of the markets, we have already seen several cycles of Bitcoin
5. Belief in this financial instrument
6. Increase awareness and understanding of what bitcoin is
7. Easy to use
8.Bitcoin legalization in the world
9.relatively small capitalization ( when bitcoin touch 86k capitalisation will around 2 trillion $)