Bitcoin Analyze (Cycles ๐ + Head and Shoulder Festival)!!!
Hi, Today when I was sure about the head and shoulder patten's necking line was broken (Trusty) + when we have 2 new major pivots that we can find new targets for ending this bear rally, I decided to update my last post about Bitcoin (Topic: Bitcoin Analyze (Cycles)!!!๐== it moved as I expectedโ
๐).
Bitcoin Analyze ( BTCUSDT ) Timeframe Dailyโฐ
Location๐: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map๐บ๏ธ(Update)!!!'', this post is running well like my Cycles ๐.
Cycles๐: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending. again, I repeat the cycles specifications in this post.
Cycle 1:
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2:
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3:
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4:
Starting price: 52920$
Final price: โโ $
start date: 7 Sep 2021
End date: โโ
Cycle time: โโ days
price reduction: โโ $ (โโ %)
๐ฏThe aim of this post๐ฏ: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles + I tried to use 2 new major pivots & Head and Shoulder pattern:
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number๐ 1.5 ๐ can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction: 35576$/ 1.5 = 23717$
price reduction (percentage): -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
Final price (1): 35440$ until 33400$, New Zone that I found from 2 new major pivots (Fib Tools) and Head and Shoulder Pattern's Target
Final price (2): 33400$ until 28900$ โก๏ธ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''
end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) โก๏ธ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient ๐ฅ1.5๐ฅ, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17ยฐ
The degree between line 1 & line 2 (Blue lines) = 17ยฐ/1.5 = 11.33ยฐ== 11ยฐ== this degree worked well, we can see on my chart how did degree work for us ๐.
also, we can see 2 Head and Shoulder Patterns + 1 Reverse Head and Shoulder Pattern that they made our cycle. I guess that for ending this bear rally, we will see another Reverse Head and Shoulder Pattern.
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI + RSI was able to break Support ๐
Note: if the price can break my important Downward trend line == my scenario will fail.
โ๏ธSignโ๏ธ: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again === we saw 42850$ as I expectedโ , try to use signs ๐
from this sign, we can find another target for ending this bear rally ==around 38000$ ๐
My Suggestion: you can follow my lines. probably my lines will work and help us๐๐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze ( BTCUSDT ) Timeframe Dailyโฐ
Location๐: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map๐บ๏ธ(Update)!!!'', this post is running well like my Cycles ๐.
Cycles๐: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending. again, I repeat the cycles specifications in this post.
Cycle 1:
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2:
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3:
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4:
Starting price: 52920$
Final price: โโ $
start date: 7 Sep 2021
End date: โโ
Cycle time: โโ days
price reduction: โโ $ (โโ %)
๐ฏThe aim of this post๐ฏ: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles + I tried to use 2 new major pivots & Head and Shoulder pattern:
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number๐ 1.5 ๐ can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction: 35576$/ 1.5 = 23717$
price reduction (percentage): -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
Final price (1): 35440$ until 33400$, New Zone that I found from 2 new major pivots (Fib Tools) and Head and Shoulder Pattern's Target
Final price (2): 33400$ until 28900$ โก๏ธ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''
end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) โก๏ธ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient ๐ฅ1.5๐ฅ, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17ยฐ
The degree between line 1 & line 2 (Blue lines) = 17ยฐ/1.5 = 11.33ยฐ== 11ยฐ== this degree worked well, we can see on my chart how did degree work for us ๐.
also, we can see 2 Head and Shoulder Patterns + 1 Reverse Head and Shoulder Pattern that they made our cycle. I guess that for ending this bear rally, we will see another Reverse Head and Shoulder Pattern.
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI + RSI was able to break Support ๐
Note: if the price can break my important Downward trend line == my scenario will fail.
โ๏ธSignโ๏ธ: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again === we saw 42850$ as I expectedโ , try to use signs ๐
from this sign, we can find another target for ending this bear rally ==around 38000$ ๐
My Suggestion: you can follow my lines. probably my lines will work and help us๐๐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
ืืขืจื:
Bitcoin Analyze_Road Map๐บ๏ธ(Update)!!!
ืืขืจื:
Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ
ืืขืจื:
Same movement, AB=CDโ๏ธ
Timeframe 2hโฐ
Same movement, AB=CDโ๏ธ
Timeframe 2hโฐ
ืืขืจื:
AB=CD worked โ
๐Free & VIP Signals: t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me
๐if you want to learn Technical Analysis = Please Contact me
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