BTC- Dante's Descent (Credit to Market Makers: Youtube)
•11 bars down, 9 bars up (W)
•Average % of previous legs down brings you to the 1.618 projection on 10/31/22
•Every 50% move down in the equities markets has happened during the Shmita year in the Hebrew religion which is happening this year.
Historically the bottom has been 1 year after the Shmita, so that would land us around September of 2023 for a market bottom.
•Average % of previous legs down brings you to the 1.618 projection on 10/31/22
•Every 50% move down in the equities markets has happened during the Shmita year in the Hebrew religion which is happening this year.
Historically the bottom has been 1 year after the Shmita, so that would land us around September of 2023 for a market bottom.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.