Is Bitcoin starting a new Long Term Bullish Cycle?
The long-term picture can give us more objective answers, especially now when the asset is under such an emotionally turbulent scenario. There are 2 key aspects to highlight,
This was followed by bullish markets and new highs, accompanied by the existence of memory impact (trend) when the FDI turned into a negative slope outside the random area.
The second one is the perfect relationship of the long-term cycles highlighted with the big ovals. The attractor for the component waves marked with the yellow rectangle captured the price for a long time and it was rejected up, becoming into strong support. And, the time connection between the motive and corrective phases is almost a perfect 0.236 fib relationship.
The trend remains bullish in our proprietary dashboard for the weekly cycles.
This was followed by bullish markets and new highs, accompanied by the existence of memory impact (trend) when the FDI turned into a negative slope outside the random area.
The second one is the perfect relationship of the long-term cycles highlighted with the big ovals. The attractor for the component waves marked with the yellow rectangle captured the price for a long time and it was rejected up, becoming into strong support. And, the time connection between the motive and corrective phases is almost a perfect 0.236 fib relationship.
The trend remains bullish in our proprietary dashboard for the weekly cycles.
Fintbi.com