Red Lines = Halvings
Baby Blue Lines = Difficulty Adjustment of 15% or more
Bars Patterns are taken from the previous price movement that occurred during a Difficulty Adjustment of 15% or more and are overlaid on today's prices
Buy the Dip on BTC. Fib Retracement
$7,800 seems like a safe entry level on BTC. Looking for volume to come in in the middle/end of October to provide a sigh of relief. $18-20k by May 2020 (next halving) possibly sooner with how fast hashrate is increasing.
I expect equities to perform well the remainder of 2019 as well so BTC will sympathy rally into Nov and Dec IMO.
May 2020 - BTC will retest the December 2018 lows of $3,300
June 2020 - We will be below the previous low and test $2,750 and then ultimately $2,100.
February to March 2021 - BTC capitulates and begins free-fall to $1,500 and quickly touches $1,200.
April 2021 to November 2022 - BTC trades in a range between $1,500 and $2,100.
December 2022 - BTC rallies from...
Market is at a temporary peak. We will retrace down to $5,000 level and enter a re-accumulation phase for about 30 weeks.
At the Bitcoin Halving in May 2020, price will be around $12,000.
October/November 2020 Bitcoin will retest the ATH of $20,000.
October/November 2021 Bitcoin will set a new ATH around the $300,000 range.