Perspective for Bitcoin to achieving its new ATH, HH and HL.
Based on previews moves, BTC throughout the years has changing its behavior. With more volume, holders, institution, its price has lost its volatility. It's obvious that we still see big prices changes, but less dramatic than before.
For instance we have the previews Higher lows after ATHs jumping from:
$2.22 -> $152.40 (6880%) -> $3122.28 (2050%) | the 3º HL was had a less dramatic upside, it had only 30% the strength of the 2º one. If we assume that the new HL after the new ATH follows the same step we will have a 615% increase in price. So the new HL after the new ATH will be $19200.00.
The time it took to reach each HL was: 1190 days ($152.40) -> 1428 days ($3122.28), which took 20% more days to reach the new bottom. If we assume the 20% longer time for the new HL, we will have the 1713 days (Mid 2023).
The Higher Highs escalating at a different pace:
$11.85 -> $1163.00 (9800%) -> $19666.00 (1690%) | the 3º HH was had a less dramatic upside also, it had only 17% the strength of the 2º one. If we assume that the new HH will have again 17% the strength of the 3º one, we have an upside of 287% increase in price. So the new HH will be $56441.00.
The time each even occur was also stretched: 883 days ($1163.00) -> 1477 days ($19666.00), an increase in time of 167%. If we follow the same idea for the new HH, we would only have it in 2400 days which would conflict with our timelime for the HL. So what I did to solve this issue was to take the difference in days that each HH took to reach its HL. Then we have 413 days prior the 2º HL we had our 2º HH ($1163.00) and 364 days for the 3º HH ($19666.00). Taking this scenario we have 12% decrease in time to prior the HL to reach our HH. Following this logic we can say that the new HH will be Reached in around 1400 days (12% less days than the new HL), which would take us to End 2021.
Note:
I've also put some RSI markers to forecast the bull run. I believe there is a pattern on that, as well on the quadrants.
I hope you enjoy and leave a comment with your ideas too.
For instance we have the previews Higher lows after ATHs jumping from:
$2.22 -> $152.40 (6880%) -> $3122.28 (2050%) | the 3º HL was had a less dramatic upside, it had only 30% the strength of the 2º one. If we assume that the new HL after the new ATH follows the same step we will have a 615% increase in price. So the new HL after the new ATH will be $19200.00.
The time it took to reach each HL was: 1190 days ($152.40) -> 1428 days ($3122.28), which took 20% more days to reach the new bottom. If we assume the 20% longer time for the new HL, we will have the 1713 days (Mid 2023).
The Higher Highs escalating at a different pace:
$11.85 -> $1163.00 (9800%) -> $19666.00 (1690%) | the 3º HH was had a less dramatic upside also, it had only 17% the strength of the 2º one. If we assume that the new HH will have again 17% the strength of the 3º one, we have an upside of 287% increase in price. So the new HH will be $56441.00.
The time each even occur was also stretched: 883 days ($1163.00) -> 1477 days ($19666.00), an increase in time of 167%. If we follow the same idea for the new HH, we would only have it in 2400 days which would conflict with our timelime for the HL. So what I did to solve this issue was to take the difference in days that each HH took to reach its HL. Then we have 413 days prior the 2º HL we had our 2º HH ($1163.00) and 364 days for the 3º HH ($19666.00). Taking this scenario we have 12% decrease in time to prior the HL to reach our HH. Following this logic we can say that the new HH will be Reached in around 1400 days (12% less days than the new HL), which would take us to End 2021.
Note:
I've also put some RSI markers to forecast the bull run. I believe there is a pattern on that, as well on the quadrants.
I hope you enjoy and leave a comment with your ideas too.
Comment:
Comment:
The RSI pattern is only visible on the Monthly time frame.