And last but not least, meshing layer 1 and 2 together along with the 11 year resistants (diagonal solid line) you get these beautiful market cycle curves. And yes, I truly believe the 11 year resistance is a straight line instead of a curve, on the log scale. Crazy right.
IF YOU SEE IT, YOU SEE IT. IF YOU DON'T, YOU DON'T.
BITCOIN PRICE:
YELLOW= 10,000 - 100,000
GREEN= 1,000 - 9,000
BLUE= 100 - 900
PURPLE/INDIGO= 10 - 90
PINK= 1 - 9
WHITE VERTICAL- Halving.
If I could delete all my other post I would and just leave this here.
US Markets might be headed down in the short-term. We are seeing our first short signal sense the massive downturn in the market back in Feb. (Sorry about the voice quality, i'm working on it).
Rare chart that literally speaks for itself.....Its funny how failure (my last chart) leads to bigger and better things if you just keep diving deeper. This chart is a clear representation of a descending triangle that forms above every power of 10 that bitcoin reaches. We are currently at 10 to the 6th power (= 10,000).
MAJOR TAKEAWAYS:
-History and research...
This chart was created by calculating the average number of months it takes the bitcoin price to reach and stabilize above each power of 10 (1,10,100,1000, etc.). Using this average we can hypothetically predict an ESTIMATED price for any given date between the last power of 10 that was achieved (10,000) and the next power of 10 (100,000) which should be reached...
![BTCUSD: BITCOIN POWER10 [3.0] (Layer 3 of 3)](https://s3.tradingview.com/4/43WcPqST_mid.png "BITCOIN POWER10 [3.0] (Layer 3 of 3)")
![BTCUSD: BITCOIN POWER10 [3.0] (Layer 2 of 3)](https://s3.tradingview.com/c/C8PA1QZ6_mid.png "BITCOIN POWER10 [3.0] (Layer 2 of 3)")
![BTCUSD: BITCOIN POWER10 [3.0] (Layer 1 of 3)](https://s3.tradingview.com/i/IVWINGIw_mid.png "BITCOIN POWER10 [3.0] (Layer 1 of 3)")
![BTCUSD: JUST GONNA SIT THIS HERE..........[BITCOIN POWER10 (2.0)]](https://s3.tradingview.com/h/H76WuI2W_mid.png "JUST GONNA SIT THIS HERE..........[BITCOIN POWER10 (2.0)]")
