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Technical analysis by bit_general about Symbol BTC: Buy recommendation (9/30/2023)

https://sahmeto.com/message/242953
bit_general
bit_general
Rank: 6642
1.6
Buy،Technical،bit_general

BTC repeating cycles;Using historic cycle data , repeating cycle for supply and demand along with subtle gain and degradations. Already tagged one target (previously predicted in august 2022)Weekly macro targets - it awaits to be seen if we tag the 2022/3 DMA area (First red circle) prior-to or post 2024 halving.We should see a liquidity grab $19-21k area at some point (next green circle).A small pump into pre-may 2024 halving, fast drop after and then pretty much up - only bull run into late 2025 top - signalled by divergence. i think at this rate, the 2026 drawdown will be fast, and brutal.SPOT + CHILLorSWING + COMPOUNDBoth will in out eventually, just a question of % gains.Weekly target hit, system says down - there is a chance we see a bulltrap in the next three weeks though, by way of weekly bearih divergence - beware. if not, next target shown. now 2/2. Amazing how all the PA narrative has been attuned to ETF. Do not follow influencers - only the chart.

Translated from: English
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Signal Type: Buy
Price at Publish Time:
$26,971.6
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