I recently took a look at the long term logarithmic Bitcoin chart using the Gann Box as a technical analysis tool. I WAS SHOCKED!
The Gann Box perfectly predicted every single high and every single low amazingly accurately. It pinpointed the exact highs and gave you a beautiful accumulation zone with which to buy the lows. I mean what more could you possibly ask for?!
So now we can predict the price axis and that might be more than enough for most people, but how about the time axis? Where on the Gann Fan will bitcoin peak? Extending this technical analysis out into the future to try and predict where the next high might be meant I had to make some calculated assumptions regarding three factors surrounding time.
1) We will test support for an extended period of time just like the prior two cycles.
2) The price doesn't break new highs until after the halving event.
3) Each bull cycle is longer in duration than the last.
Assumption 1: Support will be tested for roughly 230 days, the same as the previous cycle.
Assumption 2: New highs will be reached 170 days after the halving takes place, the same as in the previous cycle.
Assumption 3: The next bull cycle will last slightly longer than the last, just like the 2017 bull market lasted slightly longer than the 2013 bull market.
With this information we can predict a price range target of between $5 Million and $15 Million within a range of time between September 2021 and June 2022.
This is not financial advice, just a calculated prediction.
The Gann Box perfectly predicted every single high and every single low amazingly accurately. It pinpointed the exact highs and gave you a beautiful accumulation zone with which to buy the lows. I mean what more could you possibly ask for?!
So now we can predict the price axis and that might be more than enough for most people, but how about the time axis? Where on the Gann Fan will bitcoin peak? Extending this technical analysis out into the future to try and predict where the next high might be meant I had to make some calculated assumptions regarding three factors surrounding time.
1) We will test support for an extended period of time just like the prior two cycles.
2) The price doesn't break new highs until after the halving event.
3) Each bull cycle is longer in duration than the last.
Assumption 1: Support will be tested for roughly 230 days, the same as the previous cycle.
Assumption 2: New highs will be reached 170 days after the halving takes place, the same as in the previous cycle.
Assumption 3: The next bull cycle will last slightly longer than the last, just like the 2017 bull market lasted slightly longer than the 2013 bull market.
With this information we can predict a price range target of between $5 Million and $15 Million within a range of time between September 2021 and June 2022.
This is not financial advice, just a calculated prediction.
