Bitcoin has likely reached it's peak. The cycle is over.
- With each cycle the Top-Top angle has been halving. I'm assuming Bottom-Bottom angle will do the same. Meaning bottom trendline should be support to keep the model symmetry.
- Vertical line is periodic projection of 2015/2018 low. -
- Circle has marked bottom in past. -> Check out my pinned twitter thread for detailed explaination of fib circle levels. I used davthewave's logarithmic model and modified it with fib circles. High precision in the past.
- I'm assuming the downtrend angle remains the same, like it has before.
- The pitchfan is just fancy visuals to mark potential buy zone and resistance areas.
Adding all together: -> 24.10.22 Bitcoin at 12674$.
Will it be that exact same price/time? Maybe. Most likely not. However this model provides a lot confluence narrowed down to a specific time range, based on past PA.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.