Broke through our up move

4 ธ.ค. 2021

Will be hold?

May stay in the 45-55 range until the market figures out this tax loss/ capital gain for 2021.

5 ธ.ค. 2021

บันทึกช่วยจำ

Dec 2012 1st halving low 8109 to Nov 2013 11 Months 950%
July 2016 2nd halving low 605 to 19666 Dec 2017 17 Months 3200%
May 2020 3rd halving low 8109 to 69,000 Nov 2021 18 Months 860%

Yes.. I can see a retrace until as much as 2023 to get ready for the forth halving in 2024 and the market supporting that retracement. How far is the question. Percentage halving retracements show 65k as the low but we are of course lower than that now. Bottom uptrend shows as low as 20K. Quite a spread but ready for either.

5 ธ.ค. 2021

บันทึกช่วยจำ

I can see as high as 54K this week but the market will have to support that move.

5 ธ.ค. 2021

บันทึกช่วยจำ

Also, we have never ended the top after a halving on a red monthly candle. This will be the first time if 69,000 is our short term top.