Here you can see that the 4 year BTC cycle lines up well against the oposite corelation against DXY. So much history in 20 years with some important major events to gander at.
Why does the DXY drop when FTX files bankruptcy? So many questions about why the DXY moves the way it does.
Is this the Bitcoin bottom? Not according to the 4 year cycle. We could be headed into a bull trap in the next 4 months.
How far will it go?
50k is possible if you take a symmetrical triangle.
38k is highly likely if you are using the Fibs,
30k is an absolute if you take into count the BTC LONGS have to have to exit their liquidity.
The break even point for the millions of long positions put in is around 30k to break even.
When LUNA was hacked that is when a massive amount of longs went in. When Celsius got hacked another set of missive longs were added.
Whats the next all time lows?
10k, there is 1 open CME gap on the daily that hasn't been filled yet
7.5k, This is the last lowest trend line as well as the .886 fib which would conclude our "90% drop from all time highs"
Whats the next all time high?
hard to tell. I'm guessing 124k from that 7.5k, then a drop 50% back down to 70k, then up to 224k.
Check this chart in Dec of 2024 to see if 124K is then next BTC top
Why does the DXY drop when FTX files bankruptcy? So many questions about why the DXY moves the way it does.
Is this the Bitcoin bottom? Not according to the 4 year cycle. We could be headed into a bull trap in the next 4 months.
How far will it go?
50k is possible if you take a symmetrical triangle.
38k is highly likely if you are using the Fibs,
30k is an absolute if you take into count the BTC LONGS have to have to exit their liquidity.
The break even point for the millions of long positions put in is around 30k to break even.
When LUNA was hacked that is when a massive amount of longs went in. When Celsius got hacked another set of missive longs were added.
Whats the next all time lows?
10k, there is 1 open CME gap on the daily that hasn't been filled yet
7.5k, This is the last lowest trend line as well as the .886 fib which would conclude our "90% drop from all time highs"
Whats the next all time high?
hard to tell. I'm guessing 124k from that 7.5k, then a drop 50% back down to 70k, then up to 224k.
Check this chart in Dec of 2024 to see if 124K is then next BTC top
KRJcrypto