Logged-recovery-pattern-$5500-before-year-end
Supplement to :
-Logged-recovery-pattern-3000-before-year-end/
-2014-2016-recovery-pattern-vs-2017-current-One-peg-lower/
- Logged-recovery-pattern-One-peg-lower
These findings are in line with MPC in his model entitled "Bitcoin is Linear & This is A Bear Market Rally!"
He gets a lot of hate because he generally predicts the opposite of general market sentiment and is usually right. The haters tend to quieten down when they realise they may have got it wrong.
MPC suggests that BTC still hasn't touched the bottom of his rising log arch, predicting a likely date of October 9th at ~$3000. Although this was in line my original worst case scenario the price decline would need to be dramatic in order to meet a trajectory matching those dates within the logarithmic curve.
If we assume that Bitcoin is still in a bear market and behaves similarly to the 2014-2017 fractual we can fit this to my logarithmic curve and see a bottom developing slightly later than the original October 2019 timeframe and bottoming out at approximately $5500. As unscientific as this statement might sound, that feels a better number.
If that happens, not only would it fulfil the rising log arch, it would also fulfil the linear nature of Bitcoin, which everyone has temporarily forgotten, ignored, or failed to understand.
Good luck to all. Please give me us a follow or like.
-Logged-recovery-pattern-3000-before-year-end/
-2014-2016-recovery-pattern-vs-2017-current-One-peg-lower/
- Logged-recovery-pattern-One-peg-lower
These findings are in line with MPC in his model entitled "Bitcoin is Linear & This is A Bear Market Rally!"
He gets a lot of hate because he generally predicts the opposite of general market sentiment and is usually right. The haters tend to quieten down when they realise they may have got it wrong.
MPC suggests that BTC still hasn't touched the bottom of his rising log arch, predicting a likely date of October 9th at ~$3000. Although this was in line my original worst case scenario the price decline would need to be dramatic in order to meet a trajectory matching those dates within the logarithmic curve.
If we assume that Bitcoin is still in a bear market and behaves similarly to the 2014-2017 fractual we can fit this to my logarithmic curve and see a bottom developing slightly later than the original October 2019 timeframe and bottoming out at approximately $5500. As unscientific as this statement might sound, that feels a better number.
If that happens, not only would it fulfil the rising log arch, it would also fulfil the linear nature of Bitcoin, which everyone has temporarily forgotten, ignored, or failed to understand.
Good luck to all. Please give me us a follow or like.
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