BitcoinPanjang
BTC has a Bull market transition pattern!
So a lot going on here.
Using the curve tool without altering it to fit a curve (base curve shape), I found that BTC would be below the curve after all time highs (ATH), then shift to above the curve until the next ATH. This essentially is the Moving Average.
Using a curve for ATH and ATL we get a range to expect for the future. Using ratios of Bear market (RED box) and Bull market (GREEN box) we can apply that ratio to our current market.
Alternatively in March 2021, the market was accelerated by the pandemic and stimulus checks, the market attempted again to go up and break the pattern, but seems to have retested the curve range of the ATHs and reach it at the same ratio of the first major market pattern. (PURPLE box)
Taking this into I've applied this acceleration to the current market but at a ratio of acceleration.
In true Bitcoin fashion, the projected ATH is:
$111,111
As a 11:11am/pm pattern fan, I could totally see this number being the top. Let's remember 69k being the previous ATH... Thanks Elon meme! haha
I've been in this market since 2015 charting and trading successfully. I've experienced the shift in the market sentiment each time BTC moves to a Bull market, each of these bull market boxes plays respected to this market sentiment shift and also aligns with the ratio projections from previous market cycle. Love the confluence mathematical and emotional confluence!
Using the curve tool without altering it to fit a curve (base curve shape), I found that BTC would be below the curve after all time highs (ATH), then shift to above the curve until the next ATH. This essentially is the Moving Average.
Using a curve for ATH and ATL we get a range to expect for the future. Using ratios of Bear market (RED box) and Bull market (GREEN box) we can apply that ratio to our current market.
Alternatively in March 2021, the market was accelerated by the pandemic and stimulus checks, the market attempted again to go up and break the pattern, but seems to have retested the curve range of the ATHs and reach it at the same ratio of the first major market pattern. (PURPLE box)
Taking this into I've applied this acceleration to the current market but at a ratio of acceleration.
In true Bitcoin fashion, the projected ATH is:
$111,111
As a 11:11am/pm pattern fan, I could totally see this number being the top. Let's remember 69k being the previous ATH... Thanks Elon meme! haha
I've been in this market since 2015 charting and trading successfully. I've experienced the shift in the market sentiment each time BTC moves to a Bull market, each of these bull market boxes plays respected to this market sentiment shift and also aligns with the ratio projections from previous market cycle. Love the confluence mathematical and emotional confluence!
Penafian
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