Hello ladies and gentleman, today we look at
BTCUSD
using the
BLX
. Only 2 factors determine the market and 2 factors alone, price and time. Using Fibonacci and GANN techniques with fractals i'm going to attempt to call the next bitcoin top 2 years early.
TIME
using Fibonacci time cycles, we can see them lining up with the top in the monthly chart. i have used the daily chart for a better indication in future for reference as to where we are in the cycle. the time cycle top is set for 15 november 2021.
PRICE
Using GANN fans off the ultimate lows to the highs, we can project a fan that has relevant support and resistance in the future. Applying GANN 100% rule, which implies that every time an asset doubles, that levels serves as a support and resistance, these are the horizontal lines on the chart. counting between the lines for up cycles and for down cycles, we can determine whether it will be a macro or micro cycle. Counting the cycles 2017 was the short run up parabolic cycle and 2011-2013 was the longer steadier growth but started with quick acceleration much like we did now. applying bar pattern technique for fractal testing we can copy the market cycle and apply it to our current GANN fans and time lines and we should see a stronger steadier growth to a new ATH of $555 922.
This may seem like a ridiculous number however, we need to take into consideration the global variables into account:
shortage of BTC
weakening fiat
credit bubble
trade wars
fed rate hikes
start of institutional involvement
still no certified ETF ... YET!!!
please feel free to share your thoughts in the comment section below or drop me a message. I'm always keen to discuss alternative scenarios, this one however fits fundamental analysis, aligns with different independent studies done. May the profits be with you.
Regards Reuben
BTCUSD
using the
BLX
. Only 2 factors determine the market and 2 factors alone, price and time. Using Fibonacci and GANN techniques with fractals i'm going to attempt to call the next bitcoin top 2 years early. TIME
using Fibonacci time cycles, we can see them lining up with the top in the monthly chart. i have used the daily chart for a better indication in future for reference as to where we are in the cycle. the time cycle top is set for 15 november 2021.
PRICE
Using GANN fans off the ultimate lows to the highs, we can project a fan that has relevant support and resistance in the future. Applying GANN 100% rule, which implies that every time an asset doubles, that levels serves as a support and resistance, these are the horizontal lines on the chart. counting between the lines for up cycles and for down cycles, we can determine whether it will be a macro or micro cycle. Counting the cycles 2017 was the short run up parabolic cycle and 2011-2013 was the longer steadier growth but started with quick acceleration much like we did now. applying bar pattern technique for fractal testing we can copy the market cycle and apply it to our current GANN fans and time lines and we should see a stronger steadier growth to a new ATH of $555 922.
This may seem like a ridiculous number however, we need to take into consideration the global variables into account:
shortage of BTC
weakening fiat
credit bubble
trade wars
fed rate hikes
start of institutional involvement
still no certified ETF ... YET!!!
please feel free to share your thoughts in the comment section below or drop me a message. I'm always keen to discuss alternative scenarios, this one however fits fundamental analysis, aligns with different independent studies done. May the profits be with you.
Regards Reuben