Cquest

Cquest

This is not a prediction. This is an analysis of the S&P vs Bitcoin from 2017 - 2021. I wanted to see the percentage moves of each per year to see how they correlate.

Cquest

If we follow the 2016 fractal pattern and apply it to now, it looks something like this

Cquest

If history repeats itself here, 13400 would be a gift

Cquest Updated 

What are the chances that we never re-test last years high? I'd say no chance. We can go up before that, but gaps are filled on bitcoin. Look at 2016 how price would pump 50% multiple times then retrace and at least retest the last high. We haven't even done that. Bitcoin has been so strong that it never even retested the 12500 area. We all know how volatile...

Cquest

We are in a downtrend, but you can buy around 8600 and expect a pretty good bounce for a swing trade in my opinion.

Cquest

On the 15 min chart, BTC seems to trend upwards in a 20 degree angle once it settles in a range. Just an observation.

Cquest

I could be wrong of course, but this looks like all the other "tops" I've seen and what happens in the aftermath

Cquest

The market makers are not going to make this easy. Another bull trap upcoming based on what we see in the chart history. It's looking like it will tap around 4050ish on Coinbase before it heads back down to 3600ish. The last chance to get cheap Bitcoin will be here unless the bottom really is not in. In this case we will break the yellow line to the downside. I...