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Technical analysis by khatribhavin20 about Symbol BTC: Buy recommendation (12/2/2022)

https://sahmeto.com/message/2761016
khatribhavin20
khatribhavin20
Rank: 9857
1.5
Buy،Technical،khatribhavin20

I am trying to correlate current monthly chart of Btc with weekly chart of BTC when BTC was in bear market after touching 1100$ for first time. I see lot of correlation till now between weekly chart of that period with bear cycle monthly chart.1100$ Bull Cycle - Weekly chart - took 8 months to reach top after starting of bull cycle69000$ Bull Cycle - Monthly chart - took 40 months to reach top1100$ Bear Cycle - Weekly chart - First bear cycle wave took 4 months 10 days 69000$ Bear Cycle - MOnthly chart - Have taken 21 months till now for first wave (assuming this to be end of first bearish wave in 3 wave bearish structure)1100$ Bull wave in Bear Cycle - Weekly chart - Bull wave continued for 2 months (precise - 1 month and 26 days) 60000$ Bull wave in Bear Cycle - Monthly chart- Bull wave will take approximately 9 monthsNot able to post monthly chart RSI here but one can correlate RSI and MACD also between monthly and weekly chart.Expected Bullish wave top - 39k-42k - 9 months period starting from December 2022

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Price at Publish Time:
$17,028.44
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