Bitcoin Analyze (Cycles)!!!๐
์
๋ฐ์ดํธ๋จ
Hi, today I decided to speak about similar cycles that can happen on Bitcoin. these cycles are verifying the way of my previous posts.
Bitcoin Analyze ( BTCUSDT ) Timeframe Dailyโฐ
Location๐: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map๐บ๏ธ(Update)!!!''.
Cycles๐: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending.
Cycle 1:
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2:
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3:
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4:
Starting price: 52920$
Final price: โโ $
start date: 7 Sep 2021
End date: โโ
Cycle time: โโ days
price reduction: โโ $ (โโ %)
๐ฏThe aim of this post๐ฏ: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles :
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number๐ 1.5 ๐ can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction: 35576$/ 1.5 = 23717$
price reduction (percentage): -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
final price: 33400$ until 28900$ โก๏ธ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''.
end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) โก๏ธ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient ๐ฅ1.5๐ฅ, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17ยฐ
The degree between line 1 & line 2 (Blue lines) = 17ยฐ/1.5 = 11.33ยฐ== 17ยฐ
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI ๐
Note: if the price can break my important Downward trend line == my scenario will fail.
โ๏ธSignโ๏ธ: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES, and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again๐
My Suggestion: you can follow my lines. probably my lines will work and help us๐๐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze ( BTCUSDT ) Timeframe Dailyโฐ
Location๐: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map๐บ๏ธ(Update)!!!''.
Cycles๐: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending.
Cycle 1:
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2:
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3:
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4:
Starting price: 52920$
Final price: โโ $
start date: 7 Sep 2021
End date: โโ
Cycle time: โโ days
price reduction: โโ $ (โโ %)
๐ฏThe aim of this post๐ฏ: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles :
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number๐ 1.5 ๐ can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction: 35576$/ 1.5 = 23717$
price reduction (percentage): -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
final price: 33400$ until 28900$ โก๏ธ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''.
end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) โก๏ธ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient ๐ฅ1.5๐ฅ, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17ยฐ
The degree between line 1 & line 2 (Blue lines) = 17ยฐ/1.5 = 11.33ยฐ== 17ยฐ
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI ๐
Note: if the price can break my important Downward trend line == my scenario will fail.
โ๏ธSignโ๏ธ: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES, and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again๐
My Suggestion: you can follow my lines. probably my lines will work and help us๐๐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
๋
ธํธ
Bitcoin Analyze_Road Map๐บ๏ธ(Update)!!!
๋
ธํธ
Bitcoin Analyze ๐บ๏ธ๐ฅ(Counting Waves + Road map+ Long-term)๐ฅ๐บ๏ธ
๋
ธํธ
my analysis is running well, will Bitcoin break our important downward trend line or NOT?๋
ธํธ
RSI Updateโ๏ธ
Even, I did not delete my line ๐๐
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๐Contact & Learning Technical Analysis ๐t.me/Ad_ProTrader365
๐Signup for 30% Commission Futures Fees and 25% Bonus.๐
lbank.one/join/uu1DKdN
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