I have been looking into the law of diminishing returns, and compare recent tops with numerical tops in the last cycle.
Essentially we are looking for a 5.5k bottom and 53.8k top.
Retail buys are set at 13k, 12k, 11k, 10k, 9k, 8k, 7k and 6k. Stops likely to hit at 5.9k
Majority of liquidity is taken at 5.5k and 3k buyers don't get filled.
Distribution is still happening and currently we are seeing demand absorption in the 40's.
A BTC bottom at 5.5k will spark triple bottom news events in the media and retail buying euphoria into the Buying Climax above 50k. Many will be predicting 1.4M BTC, which is the supposed target for a triple bottom. Alts will go nuts and we can have our 2nd event of "The New Paradigm", before dropping to 0 over the next few years. This may be due to Bitcoin being phased out and not needed under new Central Bank Digital Currency regulations.
Essentially we are looking for a 5.5k bottom and 53.8k top.
Retail buys are set at 13k, 12k, 11k, 10k, 9k, 8k, 7k and 6k. Stops likely to hit at 5.9k
Majority of liquidity is taken at 5.5k and 3k buyers don't get filled.
Distribution is still happening and currently we are seeing demand absorption in the 40's.
A BTC bottom at 5.5k will spark triple bottom news events in the media and retail buying euphoria into the Buying Climax above 50k. Many will be predicting 1.4M BTC, which is the supposed target for a triple bottom. Alts will go nuts and we can have our 2nd event of "The New Paradigm", before dropping to 0 over the next few years. This may be due to Bitcoin being phased out and not needed under new Central Bank Digital Currency regulations.