BitcoinShort
4 years cycle, back to 10K
At the weekly chart I see this:
Every 4 years a cycle repeats itself.. The retrace after bull market is 84-86%.
The uptrend starts 4 years after the previous one. But the uptrend becomes weaker every cycle:
480X, 112X, 21X. Next = 5X ?
RSI is not bottomed out below 30 yet.
Price can go down one more year. 85% retrace will give us 10K (Strong resistance in April 2018, October 2019, Feb and June 2020 and support September 2020).
What do you guys think?
Every 4 years a cycle repeats itself.. The retrace after bull market is 84-86%.
The uptrend starts 4 years after the previous one. But the uptrend becomes weaker every cycle:
480X, 112X, 21X. Next = 5X ?
RSI is not bottomed out below 30 yet.
Price can go down one more year. 85% retrace will give us 10K (Strong resistance in April 2018, October 2019, Feb and June 2020 and support September 2020).
What do you guys think?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.