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?