pacman

pacman

I refit the trend line. projecting out the bitcoin 4 year cycle estimates roughly 10 million dollar bitcoin in year 2042

pacman

Using Trendline + Wave Trend + LogMACD to identify cycle tops

pacman

The idea is that we are entering the 1st of the 3rd wave in a Bitcoin 30+ year supercycle

pacman

This is wild speculation with modest price targets. Bitcoin 4 year cycle + Logarithmic Regression + Elliot Wave

pacman

Yellow trend line breaks to create new trend line at lower degree slope

pacman

Plotting these lines its looking like we are in for a longer bear market bottoming process than previous cycle

pacman

Looks like we are at the bottom of the overall trend line. Could it be possible we are set up for a 3rd wave of 3rd wave scenario?

pacman

Count suggest we are entering third wave of third wave

pacman Updated 

Bitcoin 4 Year Cycle with trend line on logarithmic chart

pacman

I think when the crypto marketcap goes up, Bitcoin dominance will decrease

pacman

Yellow pattern plays out. Is fake out to the downside, resume blue pattern with apex at Dec 16

pacman

We are in the buy zone now

pacman

Logarithmic trend line

pacman

Logarithmic trend line indicating bitcoin price will hit 20k March 2020, at which point will go parabolic

pacman

Here is the scenario I think we are going to see unfold. 4.) sideways ranging till Feb/March, then 1.) bull market till we breach previous all time high in Feb/March of 2019, then 3.) hyper Bull market till we establish a new all time high

pacman

Attempt to extrapolate previous price action to see how history might repeat itself

pacman

Looking at thee bullish divergence where previous 2 have led to major bull run. Expecting run up to where downward sloping resistance and .618 fib retracement converge

pacman

Forecasting mostly sideways action with possible high volume capitulation dump down to historical logarithmic trend lines