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The "Bitcoin Cycle" $BTCUSD
Given what we know about BTCUSD we are fleshing out a scenario called the "Bitcoin Cycle"
We anticipated based on technical observations, that it will follow along a similar path to it's previous mountain to pattern. The only difference in this cycle is that instead of a Rally, Base, Rally move we had in the first mega cycle, the second would need a third or possibly fourth to reach expected Highs.
Upon measurement the expected final move up will bring us to 100,100.01-ish and then revert to a classic Bitcoin selloff where it will accumulate and market makers will grab a discounted purchase somewhere between 60 and 70% down from its highest high in the cycle.
Timing of the cycle is up for debate, however this forecast was primarily intended to inform of where we may see the next sell off cycle and to position for a corrective move at the end of the current cycle.
BTCUSD we are fleshing out a scenario called the "Bitcoin Cycle" We anticipated based on technical observations, that it will follow along a similar path to it's previous mountain to pattern. The only difference in this cycle is that instead of a Rally, Base, Rally move we had in the first mega cycle, the second would need a third or possibly fourth to reach expected Highs.
Upon measurement the expected final move up will bring us to 100,100.01-ish and then revert to a classic Bitcoin selloff where it will accumulate and market makers will grab a discounted purchase somewhere between 60 and 70% down from its highest high in the cycle.
Timing of the cycle is up for debate, however this forecast was primarily intended to inform of where we may see the next sell off cycle and to position for a corrective move at the end of the current cycle.
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