BTC Market Cycle Completion (Fibonacci and Market Cycles )
*FOR PERSONAL JOURNALING PURPOSES*
-Bitcoin on the Monthly timeframe. About to break the current all time high around 64K (Previously sold off to 29K, Selling pressure)
-DMI/ADX above 43
-MacD histogram very strong
- Today Bitcoin Futures ETF futures was released
- Due to Fibonacci extensions and identifying euphoria and complacency at Market Cycle peaks, I see bitcoin Going to shown levels. I can see 150K easily. If the market gets very parabolic(vertical), I can see prices high as 315K. Price will not last long at those levels because that may be peak euphoria of the completion of this market cycle. We will go into bear market for couple of years until next mining reward).
-Bitcoin on the Monthly timeframe. About to break the current all time high around 64K (Previously sold off to 29K, Selling pressure)
-DMI/ADX above 43
-MacD histogram very strong
- Today Bitcoin Futures ETF futures was released
- Due to Fibonacci extensions and identifying euphoria and complacency at Market Cycle peaks, I see bitcoin Going to shown levels. I can see 150K easily. If the market gets very parabolic(vertical), I can see prices high as 315K. Price will not last long at those levels because that may be peak euphoria of the completion of this market cycle. We will go into bear market for couple of years until next mining reward).
כתב ויתור
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