As the lite coin halving is approaching there is some potential bullish price action building on the chart.
This is a 4 hour line chart with a clear wedge falling right into a local golden pocket at a known past support level.
It is impossible to predict a brake out date or price targets but high probability time frame would be by the tip of this wedge on August...
Bitcoin Halving Analysis & Predictions
So, in this analysis we're going to try to predict the price of Bitcoin against the US Dollar for around the 12 May (on the 3rd Bitcoin Halving Event!). We're also going to try and predict the future price of this asset through to the 4th halving event in 2024 - these predictions are based on chart analysis of BTCUSD from...
Adjusting projection for spring/summer top due to fact that halvening will affect it.
Previously in 2016 there was a big peak 22 days before the halvening and lots of opportunity to get in at lower prices.
Using ghost bars also maps to about the same $17k price I had before. I am expecting a parabolic move up into the mid teens and will be scaling out a bit.
I...
Looking at how LTC responded to its halving to plan for the 2020 BTC halving. BTC previously peaked 22 days before its halving but LTC peaked 44 days ahead of it.
This suggests that halvings are getting traded away at a faster pace and it might be harder to select the exact date.
The megatrend indicator seems to have been doing a pretty robust job of trading...
THE END RESULT ~ THE CONFLUENCE OF ALL THE PAST ~ FRACTALS REVEALED THE FIRST PRINCIPLES ~ A THOUSAND POMPINI PER SECOND ACHIEVED ~ ASCENSION UNFOLDING
