With all fundamental analysis aside, the price action of Bitcoin is pretty similar to early days of the S&P 500. From 1877 to 1929 the S&P 500 rose 1000%, then was followed by an 84% correction during the Great Depression. Since the Great Depression, the S&P has risen an additional 62,000%. Bitcoin's previous price action followed a similar pattern, 12,000%...
Previously I have been posting about a fractal from 2016 which would have had Bitcoin break 14k a few weeks ago. Since my last post Bitcoin got rejected at 13.2k which invalidates my idea. Now the question is, where to next? During the bull market from 2015-2018 I've picked out 4 possible corrective pattern that we could be in now: #1 (which I was using in my...
Bitcoin still seems to be following the 2016 fractal I posted last week. Lets see if the idea holds! ---------------------------------------------------------------------------------------------------------------------------------------------------- Join the price/analysis discussion with us in our free telegram group! t.me Message @bvcc_invite_bot on...
Join the price/analysis discussion with us in our free telegram group! t.me Message @bvcc_invite_bot on telegram for access to the main channel and Zobot altcoin market scanner. Current price is .0015...
The anticipated correction up has ended, we now have support at 9300/8700 for the next leg down. Join the price/analysis discussion with us in our telegram group! t.me
Bitcoin followed the fractal I previously posted and rejected exactly off the .65 Fib. Bitcoin is now on support and I expect a retrace upwards.