Right now I am theorizing an 8700$ Bitcoin bottom near nov 22nd
I believe we are repeating the market structure from 2019. I believe we are at the PEAK before the final crash. Right now.
We just completed a bearish gartley at the D. Now all that's left... is bitcoin crashing.
The yellow trendline is a daily candle close trendline dating back a few years. I feel that this is what the market will bounce on and it's aiming at november 22nd, approximately.
The white trendline? I think that's the best way to look at this market while comparing it to 2019. Follow the white line. Notice bitcoin bounced on it in 2019 and went up a bit... made a top... then crashed through it for the march 2020 covid crash? Well... in 2021... we just bounced on it... and made a high... So... does it repeat and do the same thing?
The two fib structures were made using weekly candle closes as the bottom of each market. The first market did a 945 fib retracement. Did you know that the 945 is a secret fib level? Almost no one knows this. It is. The 2020 covid crash crashed to the 945. I anticipate this next crash will also crash to the 945.
8700$ was the level that bounced us up to start our bullrun in the first place. It makes a lot of sense for this price to be the price that we fall to.
My money is on an 8700$ bear market bottom. Followed by 400k in end of 2022/beginning of 2023. At least, that's what I think will happen.
Money printer go BRRRRR... right?
We just completed a bearish gartley at the D. Now all that's left... is bitcoin crashing.
The yellow trendline is a daily candle close trendline dating back a few years. I feel that this is what the market will bounce on and it's aiming at november 22nd, approximately.
The white trendline? I think that's the best way to look at this market while comparing it to 2019. Follow the white line. Notice bitcoin bounced on it in 2019 and went up a bit... made a top... then crashed through it for the march 2020 covid crash? Well... in 2021... we just bounced on it... and made a high... So... does it repeat and do the same thing?
The two fib structures were made using weekly candle closes as the bottom of each market. The first market did a 945 fib retracement. Did you know that the 945 is a secret fib level? Almost no one knows this. It is. The 2020 covid crash crashed to the 945. I anticipate this next crash will also crash to the 945.
8700$ was the level that bounced us up to start our bullrun in the first place. It makes a lot of sense for this price to be the price that we fall to.
My money is on an 8700$ bear market bottom. Followed by 400k in end of 2022/beginning of 2023. At least, that's what I think will happen.
Money printer go BRRRRR... right?
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.