And last but not least, meshing layer 1 and 2 together along with the 11 year resistants (diagonal solid line) you get these beautiful market cycle curves. And yes, I truly believe the 11 year resistance is a straight line instead of a curve, on the log scale. Crazy right.
Check out these fib retracements drawn between powers of ten within each cycle.
May not be new to some. But market tops (and bottoms) are roughly 4 years apart as well.
IF YOU SEE IT, YOU SEE IT. IF YOU DON'T, YOU DON'T. BITCOIN PRICE: YELLOW= 10,000 - 100,000 GREEN= 1,000 - 9,000 BLUE= 100 - 900 PURPLE/INDIGO= 10 - 90 PINK= 1 - 9 WHITE VERTICAL- Halving. If I could delete all my other post I would and just leave this here.
US Markets might be headed down in the short-term. We are seeing our first short signal sense the massive downturn in the market back in Feb. (Sorry about the voice quality, i'm working on it).
Bought some bitcoin this morning while doing a little early morning "grocery shopping". Lets see if we can squeeze out some profits.
Time filler. Nothing exciting to see here.
Grocery shopping impulse buy (slaps hand on head). Btw the helpful analysis guys' name is @VincePrince from my last post:
Rare chart that literally speaks for itself.....Its funny how failure (my last chart) leads to bigger and better things if you just keep diving deeper. This chart is a clear representation of a descending triangle that forms above every power of 10 that bitcoin reaches. We are currently at 10 to the 6th power (= 10,000). MAJOR TAKEAWAYS: -History and research...
This chart was created by calculating the average number of months it takes the bitcoin price to reach and stabilize above each power of 10 (1,10,100,1000, etc.). Using this average we can hypothetically predict an ESTIMATED price for any given date between the last power of 10 that was achieved (10,000) and the next power of 10 (100,000) which should be reached...