Copied the latest bull run from 2015 and extended to match the log*log growth curve. Will be a slow grind, most likely. Altcoins will continue to pump/dump forever, as they exist as boom and bust branches - run by individuals - of the bank of bitcoin.
Long BTC @13K around Dec. 2021
Yearly Pivot has been 8K for two solid years now. If the halving event has diminishing returns then -->
$10.00 USD x 40 = $400.00
$400.00 USD x 20 = $8000.00
$8000.00 USD x 10 = $80,000.00
of course, the peaks of the bull markets were approximately 2x the estimated value, so we should reach a target of $160,000.00 USD
Using Time Fibonacci sequence, and adjusting numbers based on the previous wave to find approximate entries/exits and points of interest, I have the following: 0,1, 1.555, 1.845, and 3; low, high, knife catching, end of bear, and next high.
The magenta line is a "bars pattern" of the previous 2014-2015 bear market, elongated to match my time frame.
ICOs to be evaluated on Monday May 7th. Any decision the SEC makes will be critical in determining the future of bitcoin and other cryptocurrencies. The printed fractals are both from 2013. The RED means we're in the April bubble. the BLUE means we're in the November bubble. I'm bearish @ 13-14K until proven otherwise. Stay neutral until we determine sentiment...
Sell in May and go away.
Be wary of the chance for a repeat 2013: retest critical resistance and fail in early May here. Move to cash between 11.5K & 13.1K (yes your alts too), wait for breakout on volume and double-check RSI for divergence. Buy like a madman @ 3K and below. Good luck.
EDIT: oops my text on the left...