The Triangle Of Death (Bitcoin Event May 2022)
We have been here before , August 2019 to be exact. Traded the same type of triangle down to a 7k Bitcoin at the time. Take a look below (First TA so rough around the edges ,also ignore the x50 it was a different time lol)
Just like 2019 I think there is more a chance that we come down than up.
Fib Circle 2.36
Fib Time Zone 2.618
Last week of may 2022 we will most likely break this triangle down to the 200 weekly.
200 Weekly Prices
Today - 21000
May 25th -22400
July 23rd -24100
Price can of course wick down lower than the 200 weekly it has historically but we have never closed a weekly under it , take a look below .
The last Chainlink fib sequence will come into play , May 23rd 2022 , using LINK/BTC dominance chart I discovered this Fib time sequence that has caused massive moves in LINK and BTC so next and last date May 23rd 2022.
So last two death cross on the 3D chart has resulted in Bitcoin moving down to the 200 weekly
Predicted cross 19th of May .
And finally on average it takes Bitcoin 400 days to go from cycle peak to 200 weekly, which end of may would be 400days.
(segment taken from previous TA ,)
The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data.
ibb.co/PM4PzKs
So everything all of sudden is coming together for end of may 2022.
1. End of the Fib circle 2.36
2.End of Chainlink sequence May 23rd 2022
3.200/50 Death Cross 3D predicted cross
4.Average of 400 days from Cycle Peak to 200 weekly
Its so crazy seeing everything lining up , Buckle up!
Just like 2019 I think there is more a chance that we come down than up.
Fib Circle 2.36
Fib Time Zone 2.618
Last week of may 2022 we will most likely break this triangle down to the 200 weekly.
200 Weekly Prices
Today - 21000
May 25th -22400
July 23rd -24100
Price can of course wick down lower than the 200 weekly it has historically but we have never closed a weekly under it , take a look below .
The last Chainlink fib sequence will come into play , May 23rd 2022 , using LINK/BTC dominance chart I discovered this Fib time sequence that has caused massive moves in LINK and BTC so next and last date May 23rd 2022.
So last two death cross on the 3D chart has resulted in Bitcoin moving down to the 200 weekly
Predicted cross 19th of May .
And finally on average it takes Bitcoin 400 days to go from cycle peak to 200 weekly, which end of may would be 400days.
(segment taken from previous TA ,)
The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data.
ibb.co/PM4PzKs
So everything all of sudden is coming together for end of may 2022.
1. End of the Fib circle 2.36
2.End of Chainlink sequence May 23rd 2022
3.200/50 Death Cross 3D predicted cross
4.Average of 400 days from Cycle Peak to 200 weekly
Its so crazy seeing everything lining up , Buckle up!
Penafian
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