Technical analysis by RILOBUYLOW about Symbol BTC: Buy recommendation (9/5/2024)

‼️ BITCOIN PARABOLIC PHASE INCOMING ‼️Confirmed 100k BTC by 2025. If GOLD walks away from this new ATH...It would confirm there is enough correlation to look further into a 49 month clock in the #GOLD & #Bitcoin Bull-Cycle.Theory is... #GOLD will start it's parabolic phase of its bull cycle, lasting 6 months and reaching a new ATH. There will be a 2 month "break" between both assets, sideways or slightly down. After the 2 month break, #Bitcoin will start it's parabolic phase of its bull cycle, also lasting 6 months. The two assets will go sideways and do their thing for 35 months before the 14 month parabolic dance starts all over. Cycle 1⃣:02/01/2020 | GOLD | $1,58708/01/2020 | GOLD | $2,049+29% Change10/01/2020 | BTC | $10,55504/01/2021 | BTC | $58,732+456% ChangeCycle 2⃣:03/01/24 | GOLD | $2,00409/01/24 | GOLD | $2,555+27% Change11/01/24 | BTC | TBD05/01/25 | BTC | TBDTBD% ChangeThe GOLD trend lines match during the 6 month parabolic phases. 46 degree trend on the daily, both cycles. -31 degree trend on the daily, 8 months after ATH. ...If History repeats itself...BTC should stay sideways or down for the next 55 days. Most likely a fake-out pump coming from the pending Fed Rate cut this month. We should stay below 65K based on the price action around the Jackson Hole speech.We would only need an 88% increase this phase for BTC to reach 100k. This is a small ask, considering the previous post-halving cycles. If it follows the same trend line up this cycle we could see 305k next April. As nice as that sounds, it is not very likely we will see a 456% gain this cycle.