This chart right here was one of the reasons I have been right on the money all of 2022 , I always take a look at it before going in for any trade.
There is a high chance this bounce ends when we hit this white trendline for USDT, the last two touch points are major Bitcoin events.
First touch was an all time high in November 2021 and second was April 5th 2022 which was a very important pivot down and even made a TA on it .
So using the last three cycle bottoms as data we can have a potential timeframe on when this bounce can end.
If we take a look here at the daily you can see we are currently repeating very similar patterns like past cycles , so according to this we will top out sometime mid August and then begin a retrace that will scare everyone, this also fits with USDT hitting the white trendline about that timeframe.
At this point Bitcoin will most likely be at around 29k closing the CME Gap , once that's filled the big bull trap will start and a retracement down the 0.618 at 22.5k will most likely happen.So a red september is likely , nearly all the Bitcoin Septembers have been red so it also fits nicely.
If this does happen , expect mass fear , FUD , 10k calls, mass short positions etc but then come October 2022 is when the relief rally starts for real. The amount of Fib time dates I have October is crazy , something big happens that month and as you can see the picture above of the bar patterns with cycle bottoms , October is 108days from cycle bottom which is when Bitcoin historically starts its massive momentum and will also be the moment USDT breaks the white trendline (Green circle) like it did to start the last rally.
Everything is lining up perfectly for these events to unfold just like last cycles. If i'm correct this rally will last 140days from October 2022 to February 2023 then it's time to short because its possible Bitcoin will start heading down for its second capitulation phase , check the TA below lines up with the Dow Jones rising wedge.
There is a high chance this bounce ends when we hit this white trendline for USDT, the last two touch points are major Bitcoin events.
First touch was an all time high in November 2021 and second was April 5th 2022 which was a very important pivot down and even made a TA on it .
So using the last three cycle bottoms as data we can have a potential timeframe on when this bounce can end.
If we take a look here at the daily you can see we are currently repeating very similar patterns like past cycles , so according to this we will top out sometime mid August and then begin a retrace that will scare everyone, this also fits with USDT hitting the white trendline about that timeframe.
At this point Bitcoin will most likely be at around 29k closing the CME Gap , once that's filled the big bull trap will start and a retracement down the 0.618 at 22.5k will most likely happen.So a red september is likely , nearly all the Bitcoin Septembers have been red so it also fits nicely.
If this does happen , expect mass fear , FUD , 10k calls, mass short positions etc but then come October 2022 is when the relief rally starts for real. The amount of Fib time dates I have October is crazy , something big happens that month and as you can see the picture above of the bar patterns with cycle bottoms , October is 108days from cycle bottom which is when Bitcoin historically starts its massive momentum and will also be the moment USDT breaks the white trendline (Green circle) like it did to start the last rally.
Everything is lining up perfectly for these events to unfold just like last cycles. If i'm correct this rally will last 140days from October 2022 to February 2023 then it's time to short because its possible Bitcoin will start heading down for its second capitulation phase , check the TA below lines up with the Dow Jones rising wedge.
Comment:
This cycle bottom is looking very much like 2015 bottom if this is truely a 1:1 fractal then tomorrow pump to 26k .
Comment:
This market is not rigged at all ppl lol
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