Friends, I hope you are having a wonderful Wednesday. I wanted to combine two aspects of separate charts that I have posted before, but never together. The attached chart is the MOST important chart for determining long term trend and also determining EACH cycle top and EACH cycle bottom. The TA is simple, but incredibly powerful! It combines the Logarithmic Growth Curve with the .786 Fib drawn from EACH Cycle low since $BTC began. What it reveals is amazing! Each cycle top and cycle bottom has been contained within this all-important multiyear chart. Not only that, but EACH Fib drawn from the prior Bear market low, predicts the following Bear market low! EACH low on every cycle bottom has had its MONTHLY candle BODY close OVER the .786 Fib. PERIOD.
While I have excluded oscillators, the oscillators also Bottomed at the EXACT SAME spot.
BOTTOM LINE: The Bitcoin Low IS IN! While we might see a shallow pull back from our Adam & Eve Breakout, the path over the coming months is HIGHER!
What Invalidates this Bullish Narrative? Simple.
A break below the .786 Fib on a MONTHLY close, AND a break of the long-standing logarithmic growth curve. It is another reason why any Bull hoping for a drawdown to $10-$13K is wrong footed (technically speaking). For if that were to happen, that area would NOT be THE LOW, It would be a mere Pitstop to sub $5,000. In all fairness, I expect $BTC to eclipse $100K this cycle, BUT after we top, we will Break this repetitive cycle and $BTC, like stocks, will crash.
Have a Productive and Profitable Day Friends!
Josh
While I have excluded oscillators, the oscillators also Bottomed at the EXACT SAME spot.
BOTTOM LINE: The Bitcoin Low IS IN! While we might see a shallow pull back from our Adam & Eve Breakout, the path over the coming months is HIGHER!
What Invalidates this Bullish Narrative? Simple.
A break below the .786 Fib on a MONTHLY close, AND a break of the long-standing logarithmic growth curve. It is another reason why any Bull hoping for a drawdown to $10-$13K is wrong footed (technically speaking). For if that were to happen, that area would NOT be THE LOW, It would be a mere Pitstop to sub $5,000. In all fairness, I expect $BTC to eclipse $100K this cycle, BUT after we top, we will Break this repetitive cycle and $BTC, like stocks, will crash.
Have a Productive and Profitable Day Friends!
Josh
JT