30K --> 40K --> 20K
The blue lines are a fib fan from $1,000 in 2017 to the ATH. We are currently at strong support on the lower third.
Return to the 50% level is common, and would form a return move of the long term head and shoulders.
The lower target is the previous ATH of $20,000, which corresponds with the lowest support of the fib fan.
The gray bar...
*If Head and Shoulders is confirmed at breakdown of yellow dashed line - increase the size of trade 2, keeping the stop loss above 70000*
A generation is thought to span approximately 22 years, forming recurring cycles of 4 generations.
Each cycle begins with a revolution generation, which informs the nature of the next three.
When did the most recent revolution generation begin? My best answer is The Unix Epoch (Midnight, Jan 1st, 1970). This was approximately the time that the microprocessor was...
Global markets are at the end of a leveraging cycle. The next phase is a deleveraging, beginning with deflation, and ending in hyperinflation.
1. Deflation: cash is king, value will be stored in USD. This is estimated to last 10 - 15 years.
2. Hyperinflation: The purchasing power of cash degrades, people will seek alternative means to store their value. Bitcoin...
Price appears to have completed a 3 gap sequence. The exhaustion gap is likely to be filled, while the runaway could provide short term support.
Long term I expect a steady bear market to form for approximately 10 years, until $1000 is reached.
This would constitute an extended B wave, suggesting a very strong correction after reaching the target. Caution should be taken since the market is over leveraged and will fall hard when it finally corrects.
Stop Loss: 29199.0
Green box = demand zone at 4th wave and 50% retracement , providing long opportunity.
Diagonal lines = upper and lower thirds of Fibonacci fans.
Vertical lines = Fibonacci time zones with 0 at Nov '18 and 1 at Jun '19.
Horizontal lines = key levels of Fibonacci retracement from $1,000 to $20,000.
Stop Loss: 8887.0
Head and shoulders visible on the weekly chart. Pattern has been confirmed with a neckline break and now appears to be completing the return move.
Stop loss above head, target projected from height of head placed at neckline break.