Law Of conservation in BITCOIN
In the previous post i have identified the head and shoulder pattern and Bitcoin Behaved as per that . I ahve developed a Theory based on Fibo and Law of conservation which is as under :
Theory : Everything follows the Universal Law of conservation of Energy, if the same is applied in BITCOIN, its gives very similar results in the past , Cycle is repated Just like fibonachi , the number repeats with a particular pattern Its based on assumption that , Unless the Prices are Influenced by the Unnatural disasters like , War , Or man made Economic meltdown , the Pattern will follow the same Pattern and is repeated based on Fibo Numbers .
Interpretatioon :
1. as per the Previous pattern in Block 1 spanning 144 bars(Daily) , the price rose to 164% and corrected with smaller block -30% fall in price in 62 bars (Daily ) .
2. Similar Pattern was follwed in making the Block 2 with 135 bas and 121% rise in price from the correction , the correction will last 62 bars ( Daily ) untill it reaches the Bottom of the Head and Shoulder Pattern observed in the previous study (check the link below )
3. as per the block carried forward the third bloack will be formed with 135 bard and price rise as per fibo by 94%
4. Base of the blaock where the BTC ill start the upward move wil be from Target 1 around 40K
TARGET 1: 43000 time : 6th feb 22
TARGET 2: 60000 time : March 22
TARGET 3: 51441 Time : 17 Apr 22
TARGET 4: 73534 Time : may 22
TARGET 5 : 61939 Time : 24 Jun 22
5. This throry is supported by the Volumtric profiles formed at base of 34159 m and it will bounce before that some profit booking may lead to fall till 35k
6. Seconf volumteric prfile of Block 2 is at 46682 which supports the price ris when the target 3 is reached , base will be formed at that level
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Theory : Everything follows the Universal Law of conservation of Energy, if the same is applied in BITCOIN, its gives very similar results in the past , Cycle is repated Just like fibonachi , the number repeats with a particular pattern Its based on assumption that , Unless the Prices are Influenced by the Unnatural disasters like , War , Or man made Economic meltdown , the Pattern will follow the same Pattern and is repeated based on Fibo Numbers .
Interpretatioon :
1. as per the Previous pattern in Block 1 spanning 144 bars(Daily) , the price rose to 164% and corrected with smaller block -30% fall in price in 62 bars (Daily ) .
2. Similar Pattern was follwed in making the Block 2 with 135 bas and 121% rise in price from the correction , the correction will last 62 bars ( Daily ) untill it reaches the Bottom of the Head and Shoulder Pattern observed in the previous study (check the link below )
3. as per the block carried forward the third bloack will be formed with 135 bard and price rise as per fibo by 94%
4. Base of the blaock where the BTC ill start the upward move wil be from Target 1 around 40K
TARGET 1: 43000 time : 6th feb 22
TARGET 2: 60000 time : March 22
TARGET 3: 51441 Time : 17 Apr 22
TARGET 4: 73534 Time : may 22
TARGET 5 : 61939 Time : 24 Jun 22
5. This throry is supported by the Volumtric profiles formed at base of 34159 m and it will bounce before that some profit booking may lead to fall till 35k
6. Seconf volumteric prfile of Block 2 is at 46682 which supports the price ris when the target 3 is reached , base will be formed at that level
Like if You agree with the Analysis .
Support by donating some cheers
Comment:
IMPORTNAT NOTICE :
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It Bounced from exact level of 40500 as per the chart , Time to Go long 30% of total Investment
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It Bounced from exact level of 40500 as per the chart , Time to Go long 30% of total Investment
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Cheers !!! :)