#Bitcoin possible scenarios for the next bull market based on time cycle analysis.
Based on the fork, the trend continued to move down. But the bottom is near. It will reverse after breaking above the fork. The bottom can from between $10.000-$12.000 area.
•We have a bullish cypher in play here. Within the harmonic category of patterns, the cypher is a reversal configuration. •The cypher formation frequently occurs during a market trending period (HTF) and presents as a terminal move. •Next is a trend reversal.
$DXY US Dollar Index: •15-16 Year cycle is progressing. (Expanding) •Expanded time between cyclic crest & trough is 2 years. (Previously cyclic expansions was for 7 year and now it is for 9 years.) •Now entering the M3 supply zone. Top is near.
Throughout this double top formation, RSI have cooled down and been trading under the oversold zone now. We have good support around $20K, which can act as a bottom. Then we can expect a rally upto $150K
Can't believe how perfectly these channels are working. This might actually play out.
$BTC It took some time to show the reversal strength at the pool. I was waiting for the right entry & finally longed some below. Targeting the weekly resistance above. Hoping for a good week.
BTC is currently on a 40% discount. I am expecting it to short cover from here. It will be targeting the supply area above.
2020 has been a good year for BTC, as it broke above the all time high. The 2021 is going to be a price discovery year. Using time cycles we can expect BTC to print some good numbers after getting overbought.
$BTC Here the price just hit the weekly range high and got rejected. It can be a possible scenario that price can go down to retest the trend line before breaking the range high.
$BTC For a clear view just look at the arrows pointing the direction with the trend lines Heavy check mark After hitting the green barrier price bounced and traveled with the trend line, Currently it hit the red barrier above and got rejected.
$BTC This is simply a bearish gartley pattern. Based on the picture below, price movements will help you to identify a higher probability selling opportunity. Also as mentioned in the wave AB, the bullish consolidation gets retested again
Just needs to flip the weekly resistance above.
Just noticed, Mr. Gartley forming up on $BTC Don't worry, market is bullish. But just be cautious Warning sign And keep watching that D.
IMO bull run is started we are going higher in upcoming months!