Why could Goiing to the Moon be very Valid for #Bitcoin
Why is "Going to the Moon" actually a very accurate statement for #Bitcoin ?
Please do read this through and Let me know what you think
Look at the chart - The Orange Arc is a Fib Arc ( calculated in other chart and Valid)
Since PA began is rise, it has used that Arc as a boundary during its "Launch", using the Arc as resistance in June 2011 and, at the same time, creating the anchor point for the future Lower trendline
PA dropped from there and came back up and tested that line as support in July 2013 and then went on to touch the Arc once again in Nov 2013 and, at the same time, creating the Anchor for the upper trendline
PA Droped back to the Lower Trendline and ran along it till it was time to come back up and hit the Arc once more in Dec 2017, where it Dropped back and then came back up to test the Arc again in July 2019,
However, PA was not able to break through and go and test the upper Trendline , which it did succeed in doing in April 2021
BUT note how the Path of the ARC would have pushed PA Down if it had not managed to come above, Squeezed it between Arc and trendline
When PA did broke through that Arc in Sep 2020, that was the end of the "Launch sequence" and now, BTC PA could be considered in Orbit as it is now running along an ascending channel
A Trendline is validated by a minimum of 3 touches.
The ARC and Both upper and Lower lines have these.
Also note how the Fibs line up with these points
June 2011 on 1 Fib line - Anchor of lower trendline
Nov 2013 on 1.414 Fib line - Anchor of Top Trendline
Nov 2017 on 1.618 Fib line - crossing point of Arc and upper trendline
June 2019 - PA wicked up to Arc to test as Resistance on the 1.618 fib line again
April 2021 - bang on 1.768 Fib line, testing upper trendline as Resistance.
Nov 2022, PA bounce off the Lower trendline, on the 1.618 fib line.
And, as many see, ATH to ATH is around 1400 days, which makes Next ATH in August 2025, on the upper trendline, EXACTLY where the 2 fib line sits at around 700K
Make of this as you Will but there are some detailed calculations in here
I welcome comments and , if valid, Criticism.
Please do read this through and Let me know what you think
Look at the chart - The Orange Arc is a Fib Arc ( calculated in other chart and Valid)
Since PA began is rise, it has used that Arc as a boundary during its "Launch", using the Arc as resistance in June 2011 and, at the same time, creating the anchor point for the future Lower trendline
PA dropped from there and came back up and tested that line as support in July 2013 and then went on to touch the Arc once again in Nov 2013 and, at the same time, creating the Anchor for the upper trendline
PA Droped back to the Lower Trendline and ran along it till it was time to come back up and hit the Arc once more in Dec 2017, where it Dropped back and then came back up to test the Arc again in July 2019,
However, PA was not able to break through and go and test the upper Trendline , which it did succeed in doing in April 2021
BUT note how the Path of the ARC would have pushed PA Down if it had not managed to come above, Squeezed it between Arc and trendline
When PA did broke through that Arc in Sep 2020, that was the end of the "Launch sequence" and now, BTC PA could be considered in Orbit as it is now running along an ascending channel
A Trendline is validated by a minimum of 3 touches.
The ARC and Both upper and Lower lines have these.
Also note how the Fibs line up with these points
June 2011 on 1 Fib line - Anchor of lower trendline
Nov 2013 on 1.414 Fib line - Anchor of Top Trendline
Nov 2017 on 1.618 Fib line - crossing point of Arc and upper trendline
June 2019 - PA wicked up to Arc to test as Resistance on the 1.618 fib line again
April 2021 - bang on 1.768 Fib line, testing upper trendline as Resistance.
Nov 2022, PA bounce off the Lower trendline, on the 1.618 fib line.
And, as many see, ATH to ATH is around 1400 days, which makes Next ATH in August 2025, on the upper trendline, EXACTLY where the 2 fib line sits at around 700K
Make of this as you Will but there are some detailed calculations in here
I welcome comments and , if valid, Criticism.
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