mehrdadgfx18

mehrdadgfx18

A few months ago (Nov 4, 2021) I published my long-term analysis of the Bitcoin price trend and predicted a price drop. That analysis is still valid today, and Bitcoin will continue to fall in price.

mehrdadgfx18 Updated 

I think since 2017 Bitcoin has been in a big correction pattern of flat running. And in the coming weeks, to complete this pattern, it will move to lower prices with a big 5-wave impulse move.

mehrdadgfx18

From November 2012 to November 2013 is our main cycle, which caused the lowest price in 2016 and the highest price in 2017. And it looks like from 2022, Bitcoin will fall in price for a few years.

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This resistance level is a good position for a short trade