FlameseN
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This is a chart that I uploaded to my twitter in 2023 about where the cycle could top based off Fibonacci levels & Historical Data.
The #Bitcoin bull run is around the corner. If we mirror 2016, we should properly break above $30k just before the new year. Be ready. BTC
Another scenario we could see for #Bitcoin, which would be maximum pain, is a deviation to the upside, followed by a move down to form a double bottom, and then a continuation to the upside. These are important levels marked up. Keep an eye on them.
Literally nothing has changed. Below the $30k Resistance is my Accumulation Zone. Above our previous ATH is where I will start to take profits. Easy.
#Bitcoin Everything is in place for a Major Bull Run. We can definitely go higher before a pullback. But I do expect to see new All Time Highs from Bitcoin, Shortly after the 2024 Halving. Take a look at the fractal on the chart, it works so well. BTC History Does Not Repeat Itself. But It Often Does Rhyme.
Hope you were patient and didn't FOMO into this on that impulse move up. I said I would long this level. I waited for the retest. Crashed straight through it. Now if we do manage to get bought up and close above, then I will enter a long. Nothing has changed as of yet.
Just a quick post, not much to it really. Lose the trend line? Short it, as we are at least going to be revisiting the mid range. Could bounce from there, but if not and we lose it, then I would be looking for longs around the green box. Other than that there are a few more major levels marked up.
If we are comparing cycles, have a look at 2019. We managed to see a 240% rally making people believe we would see new highs. It was a Bull Trap. Fast forward to today and it looks pretty similar. #Bitcoin
Accumulation, Manipulation, Expansion. Do you feel manipulated yet Anon? #Bitcoin
If we take a look at #Bitcoin on the weekly and use the Hash Ribbons, it has printed a Buy Signal. It hasn't really failed us in the past. Take a look at the chart below. The last time it printed a buy signal was in Jan 2023 at the price of $21k. Easy Gains. BTC
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