Lowers high and lower lows. The diamond reversal is not confirmed until price action gets and stays above the 200 day MA. There is likely a big drop incoming that will coincide with the rate cut.
I see that every time we fall below the 200 day MA that we eventually test the 200 week MA. It happens over and over and its about to happen again. We back test the 200 week, it holds, bitcoin retakes the 200 day and were in the bull run. This is looking like 2025 or the shit pops off at election time.
I did a chart on the 200 day awhile back and that was good, so heres another one forecasting a back test of the 200 week MA which will spark the next major bull run in 2025.
Im looking for a retake of the 200 day MA here to confirm the pattern we saw in 2019. This could take awhile to play out, the bulk of the run may be 1st quarter 2025. Supply squeeze and incoming rate cuts, lets go boys.
Just an idea I was playing around with, Dow Jones on this long parabolic move and the resulting crash wIll be fantastically devastating for the american people, again.
Pi says 130-140k per bitcoin soon, then bear market with macro. Honorable mention to the repeating Bart Move.
You can see what a sharp increase in the Funds rate results in, sharp cuts later on. Will we spiral into the death zone as the dollar dies and even go negative rates? Or can they hold above 0%, we will see.
It appears bitcoin is going to test the 200 day MA, this will take awhile to play out.
If we are indeed in the run then I expect this within the next 12 months. All the FUD and Ethereum lives on for another cycle.
This seems reasonable to me, within 448 days from now (by May 5 2025) you will most likely see bitcoin between 120k -130k. This falls in line with historical log data, it even looks right on the chart and it includes a halving event. The 200 week and the 300 week are the guides, the mean. We are above all the key moving averages right now and in a technical...
I'm watching the 200 and 300 MA as the mean, we all know what direction its going long term. FEDFUNDS paused, shit still swirling in regional and local banks, hidden bailouts, FDIC balance sheet, bonds, treasuries, national debt increasing at a rate never seen before. I think we have all the signals we need, don't you? I know its hard to understand if your...
If they keep developing this park the way they have been the past 20 years you can expect another 1000% rise in share price. This is not mentioning their other parks around the country, most of which are not notable but do generate revenue. They also have a reputation for putting competition out of business.
I wanted to stretch the run out so it seemed like a realistic forecast. I think it could go down like this, but it will likely be a bit more volatile then a year long consolidation. We could see another significant drop as well which I didn't present here.
I wanted to do a more elaborate write on this chart and I may as the next year unfolds. Current situation does not look like late 2013, it is highly unlikely we will see the parabolic J formation by year end. We have broke the 200 day MA on multiple occasions since April, when price goes below the 200 day MA history has shown us that bitcoin could back test...
In 2018 I was pretty sure 6k was our bottom, then the bottom fell out to 3k. A gentlemen here on Tradingview had posted a chart prior to the drop to 3k that said HOT AIR in the space between 3-6k. I commented on his post, something like, yeah right buddy, It ain’t gonna happen, look at how stable BTC has been at 6k. When it dropped to 3k I got a response...
As you can see price is above all moving averages, BTC back test of the 200 day held and sparked a bull run to the 200 week MA, who knows maybe we can cross it for an epic blow off top!
280k sounds crazy in 6 months, but honey badger don't care, never did. Everything is getting more expensive across the board and hodlers are not going down without a fight BUT....... when you start talking about paying the house and cars off, financial freedom, quitting your job, maybe starting your own business, maybe getting your long over due medical...
All my charts on Bitcoin are long, always go long, don't swim with the whales. Since its very inception the people involved in the Bitcoin network have wanted to hold their Bitcoin in hopes of it increasing in value. I find tons of addresses on the blockchain that are mine and hold, buy and hold, cold wallets all over the place. Some unexplained miner in the...