Pr0mpt

BTC study 1.0 - April peak

Long
INDEX:BTCUSD   Bitcoin
Every cycle we have:
1. Bottom
2. Support
3. Peak
4. Golden Pocket retracement

Option 1: Measuring from the bottom and multiplying by a fibo number: 1.44 gives us the length of the peak.

Option 2: Measuring from the support and multiplying by 1.272 gives us the length of the peak.

Confluence 1: using fibos from the bottom, 2.272 level is always the peak.
Confluence 2: previous cycle fibo 2.272 is the peak, same fibo 3.272 is the peak of the next bull run
Confluence 3: every bottom is 1.618 (white line), extending from the previous cycle, the next bottom is 2.618
Confluence 4: first we hit the white line (1.618), we retrace, and when we break it starts the parabolic run until fibo 2.272

Still working on this: from the last dip before the parabolic run in 2013 we had 9 weekly bars until the peak. If we multiply by 1,44 (1,414 fibo number gives the same approx) = 12.96, it took 13 bars in 2017 until reach the peak. That tell might tell us that in 2021 latest dip 18,66 weekly bars until the peak (April). However, it doesn't match the bar count multiplying by 1.44 which tells us this cycle ends in 2023. Multiplying by fibo 1,414, 2013 and 2017 matches and give us 211 weekly bars on this bull run, which is Jan 2023.

The confluence is there, but the gap between 2011, 2013, and 2017 is so small, that the lengthening number might differ. I'm still studying it.

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