theellk
Long

BTC - Bitcoing Moving Average Comparison

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
All explained in the ctart -25MA and the 99MA on the weekly - Looking at how the 'peak' of the MA coincides with the previous ATH .
The 25 and 99 are already about to cross 13 weeks before the 'peak' is due - leaving the possibility that they cross and cross back a couple of times before the 25 finally moves up when the 99 drops away.
exactly as you are showing for august 2015, there is the 2nd bottom
with the fib lines from 2015 you can determine where we are going,
somewhere near 5000$, necessary to get the graphics back on track
+2 Reply
theellk table001
@table001, Im not so sure. The cycle will not play out EXACTLY the same, that would be too weird, Especially given the black swan events that happened during the last cycle's bear market. That 2nd bottom has no need to come,(weve moved well away from the 200w MA now) and there is no need for us to fall below the 100d or the 21w - In my opinion, the lowest we will now go is 8.3-8.5k, but Im not even sure we will drop below 9k again.
The most likely scenario for me is that we track sideways until the end of the year between 8 and 12k and then a trend up to 20k.
+1 Reply
You have good insight, interesting visions and observations, well done.
I think we must go to a second bottom to line everything up,
if not we are going to change the cycle,
but the cycle depends on the halving,
so that is not an option.
so we must go back to 6000$ or so
+2 Reply
theellk table001
@table001, Thanks for your comment!
Reply
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