CripToeMonke

CripToeMonke Updated 

BTC usually rises up ~170% fom its bottom till the next halving date. Then breaks its previous ATH around ~1/5th into its next halving cycle (red line)

CripToeMonke

If you place a fib from the bottom of the prior run to the top of the next, the lowest price BTC retraces to in the next run is between the 786 and 886 twice. This is true of all previous runs. BTC hasn't reached the price between the current 786 and 886 yet twice, so I think a retracement to the 12k-15k range may be possible before a bigger run to the upside.

CripToeMonke

BTC is coming out of a falling wedge of which’s target has been met. During this, the price action created a falling wedge which could take us higher until we reach the HTF resistance line in yellow which has continuously pushed price back down. I think upon touching this yellow resistance line we will fall down to around the 13k level as there is major support...

CripToeMonke

The MACD at 4h has been working excellently in the range shown in the chart. With it once agian crossing paired with a potential W pattern, that will make for a decent shortish term trade. Risky so don't throw all your money in. Open the trade once the W pattern breaks out.

CripToeMonke

Since the high of Nov 21, at almost every level the support was broken by a rising edge pattern and then dropped by 45%. I believe the same will happen now as we broke another rising wedge pattern and the 45% drop would lad us to another major historical support level.

CripToeMonke

Based off data from 2000 crash (using SPY, NASDAQ)