This is a place of rings that I am just curious to see how they play out for the future of Bitcoin:
Orange Ring - Pivot Cycle Ring: Shows when we cross and enter a new section of a ring. Typically indicates a period of BTC that shows growth or correction. We either enter in UP and exit out down or vica versa.
White Ring - Directional Growth Ring: Shows levels of resistance and breaking points centered from 2018 cycle.
Green & Red Rings - Support and Resistance Rings: Shows consolidation and structural levels during all BTC cycles. Red area is the void area where structure has not taken place (2022). Other levels have been impulsive and yet to be retest if they every do.
Multicolored Ring - Epic Centre Cycle 2019-22 Ring: Less macro focused and only put in here to test the retracement/bottom levels since we do not know if the 2022 bottom is in.
Orange Ring - Pivot Cycle Ring: Shows when we cross and enter a new section of a ring. Typically indicates a period of BTC that shows growth or correction. We either enter in UP and exit out down or vica versa.
White Ring - Directional Growth Ring: Shows levels of resistance and breaking points centered from 2018 cycle.
Green & Red Rings - Support and Resistance Rings: Shows consolidation and structural levels during all BTC cycles. Red area is the void area where structure has not taken place (2022). Other levels have been impulsive and yet to be retest if they every do.
Multicolored Ring - Epic Centre Cycle 2019-22 Ring: Less macro focused and only put in here to test the retracement/bottom levels since we do not know if the 2022 bottom is in.
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I'd also mention typically the ending of this ring is the ending of a bear cycle. Whether we consolidate much longer or we rocket out of here. I have no idea. I'm leaning towards rocket but on a catalyst "wink wink"
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So as mentioned, ring crossed over today...
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Thought I'd let the days pass through before I post an update on this, but since we have crossed the final cycle ring for more then 2 weeks now. Zoomed out:
Zoomed In:
Zoomed In:
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I can now close this ring off as we exit UP.
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Super high importance incoming within this circle diameter. There is very high certainty that something will happen inside this period. Not to mention a plethora of rings crossing here.
Trade closed: target reached:
Prediction of circle importance archived, where to now...? We are a few days away from another ring, and a mention to crossing back up into the green area, is not common.
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Best I update this on rings again since we are fast approaching 2 major rings (back into green) the actual green ring target is the one I am now eyeing. The likelihood of returning back to lows now is not on the short term projection, as now we will have to cross these rings again, and where once support was weak, is now much more
than before! Just take note that as price moves the rings projection $ changes
than before! Just take note that as price moves the rings projection $ changes
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