Bitcoin Analyze (Cycles 🔄 + Head and Shoulder Festival)!!!
Hi, Today when I was sure about the head and shoulder patten's necking line was broken (Trusty) + when we have 2 new major pivots that we can find new targets for ending this bear rally, I decided to update my last post about Bitcoin (Topic: Bitcoin Analyze (Cycles)!!!🔄== it moved as I expected✅👇).
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map🗺️(Update)!!!'', this post is running well like my Cycles 😊.
Cycles🔄: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending. again, I repeat the cycles specifications in this post.
Cycle 1:
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2:
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3:
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4:
Starting price: 52920$
Final price: ❓❓ $
start date: 7 Sep 2021
End date: ❓❓
Cycle time: ❓❓ days
price reduction: ❓❓ $ (❓❓ %)
🎯The aim of this post🎯: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles + I tried to use 2 new major pivots & Head and Shoulder pattern:
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number👉 1.5 👈 can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction: 35576$/ 1.5 = 23717$
price reduction (percentage): -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
Final price (1): 35440$ until 33400$, New Zone that I found from 2 new major pivots (Fib Tools) and Head and Shoulder Pattern's Target
Final price (2): 33400$ until 28900$ ➡️ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''
end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) ➡️ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient 🔥1.5🔥, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17°
The degree between line 1 & line 2 (Blue lines) = 17°/1.5 = 11.33°== 11°== this degree worked well, we can see on my chart how did degree work for us 😉.
also, we can see 2 Head and Shoulder Patterns + 1 Reverse Head and Shoulder Pattern that they made our cycle. I guess that for ending this bear rally, we will see another Reverse Head and Shoulder Pattern.
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI + RSI was able to break Support 👇
Note: if the price can break my important Downward trend line == my scenario will fail.
❗️Sign❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again === we saw 42850$ as I expected✅, try to use signs 😎
from this sign, we can find another target for ending this bear rally ==around 38000$ 👇
My Suggestion: you can follow my lines. probably my lines will work and help us👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map🗺️(Update)!!!'', this post is running well like my Cycles 😊.
Cycles🔄: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending. again, I repeat the cycles specifications in this post.
Cycle 1:
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2:
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3:
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4:
Starting price: 52920$
Final price: ❓❓ $
start date: 7 Sep 2021
End date: ❓❓
Cycle time: ❓❓ days
price reduction: ❓❓ $ (❓❓ %)
🎯The aim of this post🎯: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles + I tried to use 2 new major pivots & Head and Shoulder pattern:
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number👉 1.5 👈 can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction: 35576$/ 1.5 = 23717$
price reduction (percentage): -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
Final price (1): 35440$ until 33400$, New Zone that I found from 2 new major pivots (Fib Tools) and Head and Shoulder Pattern's Target
Final price (2): 33400$ until 28900$ ➡️ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''
end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) ➡️ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient 🔥1.5🔥, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17°
The degree between line 1 & line 2 (Blue lines) = 17°/1.5 = 11.33°== 11°== this degree worked well, we can see on my chart how did degree work for us 😉.
also, we can see 2 Head and Shoulder Patterns + 1 Reverse Head and Shoulder Pattern that they made our cycle. I guess that for ending this bear rally, we will see another Reverse Head and Shoulder Pattern.
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI + RSI was able to break Support 👇
Note: if the price can break my important Downward trend line == my scenario will fail.
❗️Sign❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again === we saw 42850$ as I expected✅, try to use signs 😎
from this sign, we can find another target for ending this bear rally ==around 38000$ 👇
My Suggestion: you can follow my lines. probably my lines will work and help us👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Comment:
Bitcoin Analyze_Road Map🗺️(Update)!!!
Comment:
Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️
Comment:
Same movement, AB=CD❗️
Timeframe 2h⏰
Same movement, AB=CD❗️
Timeframe 2h⏰
Comment:
AB=CD worked ✅
