Hello Traders,
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$.
Will it be that exact same price/time? Maybe. Most likely not.
However this model provides a lot confluence narrowed down to a specific time range, based on past PA.
Thanks for reading and have a great one!
Likes and feedback appreciated!
Peace!
Bitcoin has likely reached it's peak. The cycle is over.
- With each cycle the Top-Top angle has been halving. I'm assuming Bottom-Bottom angle will do the same. Meaning bottom
trendline should be support to keep the model symmetry.
- Vertical line is periodic projection of 2015/2018 low. -
- Circle has marked bottom in past.
-> Check out my pinned twitter thread for detailed explaination of fib circle levels. I used davthewave's logarithmic model and
modified it with fib circles. High precision in the past.
- I'm assuming the downtrend angle remains the same, like it has before.
- The pitchfan is just fancy visuals to mark potential buy zone and resistance areas.
Adding all together:
-> 24.10.22 Bitcoin at 12674$.
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.
Thanks for reading and have a great one!
Likes and feedback appreciated!
Peace!
