This is a breakthrough on Bitcoin charting as we've discovered the constant that is needed on each Cycle in order to calculate the gains of the next.
As you see Cycle 1 had 32700% gains. Cycle 2 gains were Cycle 1 gains (32700%) divided by the 5.3 constant = 61700%. Cycle 3 gains were Cycle 2 gains (61700%) / 5.3 = 11640%. Cycle 4 gains were Cycle 3 gains (11640%) / 5.3 = 2200%.
As for the bottom, it has been historically at or above the 0.382 Fibonacci level. That was at 20k and has been breached since June. Once a bottom is found we can again use the 5.3 constant to calculate the gains of Cycle 5!
Where do you think it will top and where do you expect the current bottom to be at?
Follow us, like the idea and leave a comment below!!
As you see Cycle 1 had 32700% gains. Cycle 2 gains were Cycle 1 gains (32700%) divided by the 5.3 constant = 61700%. Cycle 3 gains were Cycle 2 gains (61700%) / 5.3 = 11640%. Cycle 4 gains were Cycle 3 gains (11640%) / 5.3 = 2200%.
As for the bottom, it has been historically at or above the 0.382 Fibonacci level. That was at 20k and has been breached since June. Once a bottom is found we can again use the 5.3 constant to calculate the gains of Cycle 5!
Where do you think it will top and where do you expect the current bottom to be at?
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.