I did an idea long ago about following the GOLDEN crosses. It is linked below.
While that Idea is not going to fully work, I think it is inherent to what is going on in this cycle. It is lengthening and BTC is as well having a loooong sideways behaviour, between 35-65K. More and more we will see this, in no way we will go to moon in a week :)
So this is just another observation, more than an idea. And the observation is that after a red cross (DEATH cross), we always had like 1 month of further accumulation (sometimes more volatile than others), and afterwards we had reach an ATH in between 100 and 150 days since the DEATH cross appeared.
A DEATH cross seems to come our way around Jan 23rd, in around 3 days. So let's say we have another 160 days period until the new ATH. That would put us at July 1st. I think the target could be still 1100-1200, as depicted there. It is not crazy, just see what Elrond has done looking back in time.... and we are going to see many features in the ecosystem. Remember Mincu's word: 2022 will be MASSIVE.
I have used the dueling pitchforks i used in other ideas, linked below, but with less messy diagonals.
While that Idea is not going to fully work, I think it is inherent to what is going on in this cycle. It is lengthening and BTC is as well having a loooong sideways behaviour, between 35-65K. More and more we will see this, in no way we will go to moon in a week :)
So this is just another observation, more than an idea. And the observation is that after a red cross (DEATH cross), we always had like 1 month of further accumulation (sometimes more volatile than others), and afterwards we had reach an ATH in between 100 and 150 days since the DEATH cross appeared.
A DEATH cross seems to come our way around Jan 23rd, in around 3 days. So let's say we have another 160 days period until the new ATH. That would put us at July 1st. I think the target could be still 1100-1200, as depicted there. It is not crazy, just see what Elrond has done looking back in time.... and we are going to see many features in the ecosystem. Remember Mincu's word: 2022 will be MASSIVE.
I have used the dueling pitchforks i used in other ideas, linked below, but with less messy diagonals.
Comment:
don't pay attention to the price variations, i should have used date range tool
Comment:
It is working pretty well as of now
