GravityWave

GravityWave

The bitcoin price cycles seem to follow a pattern of diminishing upside and increasing duration. So far each new cycle price peak has been predicted by the 2.382 fibonacci multiple of the cycle bottom price. Extrapolating this into the future raises the possibility of a blow-off top at ~$250k perhaps around summer of 2022 — admittedly a formidable prediction given...

GravityWave

In previous bear markets, $BTCUSD bottomed out in the negative reciprocal fib channels corresponding to the steady build up trends preceding each "vertical" phase of the bull runs. After bottoming, a new set of fib channels carries the price into the next cycle at a less steep angle. Macroscopically this means the price seems to be increasing at a decreasing rate...

GravityWave

RSI and AO vs price divergence. Expect trend reversal in a few days.

GravityWave Updated 

The rapid price increase is not supported by the on-balance volume. Expect reversal soon.

GravityWave

Bottom has already been established according to RSI (look at past RSI bottoms for inspiration that this is true once again). Possible volatility contraction pattern forming over the next several weeks, followed by a breakout to the upside. Bitcoin network also doing better lately, Lightning network is expanding, fees are low, governments have responded quite...

GravityWave

Bottom already reached according to RSI. Volatility contraction pattern with price range tightening might emerge over the next several weeks, followed by an upwards breakout.