TODAY I WILL GIVE YOU MY PERSPECTIVE ABOUT BITCOIN IN NEXT ECONOMIC CYCLE
Note that: This is document for reference, your decision will change your life. This Report is not a suggestion for anything , please read as educational and make by yourself.
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So now we beginning. At the first, you should know the overall of this report what I bring to you ?
First, you will receive the report about Elliot - for where we are in Big picture ?
Second, I will give you a target for long term with Elliot in big Cycle
Third, I returning and explain why we are in New Cycle and the Dead dreaming about lower 3000$ for Bitcoin can not happen !
Fourth, what reinforces the belief that we are in a new cycle?
Fifth, signal in Bottom Zone and safety for investing long term
Sixth, the middle term vision with lower Bottom at this time.
And the final, is the short term vision and what happen with market right now ?
Okay, so we begin
~~~ FIRST REPORT ~~~ Report about Elliot - for where we are in Big picture ?
Can you see the picture report, that similar with post in above. Which I need is looking in lower zone in picture , guys ! That is Elliot Wave Oscillator. We are looking the chart with Elliot in Monthly chart. I alway have to say monthly chart will give you clear vision in big picture. I draw Elliot with 5 waves in Impulse of Cycle and 3 waves in correction of Cycle. Where we are in Cycle right now ? Yes, by the eye, we are in Wave 2 in big picture.
Say about something in overall of Financial market. All you know every Finance market all have the chart
As we all know, every financial market has its own chart. And the common point of all markets is the economic cycle. In the economic cycle of each market, there are periods of increase and decrease in each cycle. But most small investors are involved and realize that the asset is potential when it is at the end of its growth. Wave 1 of the rising phase is the most primitive and most difficult to identify. In wave 2, most sharks and big players in the market participate in a lot, but most of us are not in the presence. Most of us miss out on the opportunity of the growth phase from wave 2 a lot. We should have been investing at this point because the risk is quite high and the awareness is still unknown so we often sell out our assets because we are concerned about a lower price area than the old bottom of the cycle. Going back to Bitcoin, at this point more than a year ago, I predicted that the price of Bitcoin would be about $ 2800, when in fact the price range was a bit higher than $ 3100. What were you guys doing then? One part is sold out, the other part is almost impossible to buy? Then what happens? Bitcoin's price nearly up to more than $ 13,000.
If we look at the chart, are we in wave 2 of the new cycle? What do you see? A lot of investors are thinking it will return to the lower zone of $ 3100 this time, then they are scared. But the smart of the big hands, they have collected a lot of Bitcoin for this batch.
Let's return to the research, growth and decline figures, I will explain shortly. We often see many authors drawing parabolic lines, but those are worthless. Why ? Because the standard for a support line or parabola cycle that people draw is unlikely to be standard. But the numbers I give you will have logic here.
You can find Bitcoin's historical rise on Google, which will have a lot of information for you.
Within 5 days of July 12, 2010, the Bitcoin price increased 10-fold from $ 0.008 to $ 0.08. And I am rounding that Bitcoin increased from $ 0.01 to $ 31.9 in June 2011. With growth of nearly + 320,000%
After that, the decline period - 93%.
This is followed by the period of increasing from the bottom of $ 2.01 to $ 1177.19 in November 2013 with + 60,000%.
After that, there was a loss -86% period.
The next bull phase from $ 163.88 to $ 19764.51 in December 2017 with + 12,000%
This is followed by the most recent period of decline from the end of 2017 and ending at the end of 2018 before a new uptrend period of the cycle. This period of decline caused Bitcoin to lose -84% of its value.
From the above figures, we see that the reduction period takes about -84% to -93%
But what's special is the numbers + 320,000% and + 60,000% and + 12,000%.
The previous growth period is usually 5 times the growth period of the following cycle. These are just logarithmic numbers for the growth rate of the cycle.
So, according to the forecast, we will have a 2400% growth from the bottom of $ 3148 (December 2018).
The peak of this bull run will be $ 78,700
We look at the chart again, I divide 1 down period and then increase it into 4 years.
Since January 2014 to January 2018 is a cycle of decline and increase. Then from January 2018 to January 2022 is a similar cycle.
So if you compare the stages of A, B, C, D, we are in phase C, and it is similar to 2016. And our 2021 will be similar to 2017.
The black line is the MA20 of the month and I will explain to you below what it is special about.
~~~ SECOND REPORT ~~~ Target for long term with Elliot in big Cycle
This is a Elliot measure for upcoming growth goals.
As in report 1, we are in wave 2, which I will explain in reports 3 and 4 is why we are definitely in a new cycle.
Our corrective wave 2 will likely end at $ 5469 because the Fibonacci 0.618 zone has been broken.
And our third wave will be at the Fibonacci extension zone of 2,618 - 3.0 corresponding to the target of $ 33,926 - $ 38,078.
After that, corrective wave 4 will fall into Fibonacci extended area of 1.618 - 2.0 corresponding to the target of $ 23.056 - $ 27.208.
In the cryptocurrency market, the bubble trend always occurs, therefore, wave 5 growth is always stronger than wave 3. Therefore, the growth threshold of wave 5 will be at least 61.8% higher.
The target of wave 5 will be the extended Fibonacci of the wave 3 zone of 1,618 - 2.0, corresponding to the target of $ 73,240 - $ 84,109.
The target number, if measured by Elliot when compared to the logarithmic growth rate of $ 78,700 that we calculated above, is similar.
~~~ THIRD REPORT ~~~ Explaining why we are in New Cycle and the Dead dreaming about lower 3000$ for Bitcoin can not happen !
This is a short study of candlestick waves in Price Action on the monthly cycle of the cryptocurrency market.
Price Action is a technical analysis discipline that is very popular in the West because of its highly practicality.
But it is very difficult to go into the depths to find price acceleration, which can measure market psychology or measure periodic waves.
Here I will give a visual and easy to understand for you.
The above waves should be the Price Action method plotted on a monthly basis. Take a look at 2015, the marker for a new cycle is the price of Bitcoin breaking above the peak price ($ 473) that led to the lowest bottom. It confirms a very strong psychological signal on the month frame, and is the reason for a reversal.
And similar to 2019, Bitcoin price has a strong momentum and is considered the first wave of the rally when breaking above $ 8477 (this is the peak price leading to the lowest bottom of the downtrend).
This is a very simple method for measuring psychology based on market reaction in the month frame with the highest impact in the market's frames, it gives a very high confidence.
~~~ FOURTH REPORT ~~~ What reinforces the belief that we are in a new cycle?
In this 4th report, it will support the idea for the 3rd article.
We will talk about the MA20, the monthly moving average.
The MA20 is a fairly widely used moving average and is in a well known method and is the dominant line of Bollinger Band.
In this part, visually, we see that the price area below the MA20 session of the month is the bottom of a cycle.
When price goes below MA20, we are in the bottom of the cycle, and when we cut MA20, we have a new cycle signal.
The area where the price cuts down and cuts above the MA20 is almost equal.
We are currently adjusting to consider the market force in the 20-day average area of the monthly time frame. After this correction, it will be a strong bull run.
~~~ FIFTH REPORT ~~~ Signal in Bottom Zone and safety for investing long term
Here we will consider the market averages and sentimental divergences.
We have moving averages of 100 and 200 sessions of the week frame.
The MA100 has failed to cross below the MA200. In my opinion this is a very important thing.
If following the market sentiment, the MA100 line below the MA200 line of the week will lead to a period of very heavy value crisis that can approach zero.
The further gap between MA100 and MA200 proves that the market is increasing very strongly. The area where MA100 is close to MA200 is a good time to invest.
MA200 has always been the last support level throughout Bitcoin cycles. At the moment, the distance between MA100 and MA200 is approaching the threshold and it is a testament to long-term and safe investment.
In terms of divergence index through Stoch. In the previous cycle, we saw an increase in divergence at the bottom, signaling an uptrend. At this point we see a better divergence, which is the bullish divergence in the first wave of the market
~~~ SIXTH REPORT ~~~ Middle term vision with lower Bottom at this time
We see Bitcoin chart on the weekly frame with Logarithms.
There is an interesting comparison when the corrective wave 2 is quite similar to the decline period of the previous cycle.
We all have 2 lower peaks in the peak distribution phase.
After that, 2 times regained the 20-day average level of the week.
The difference is corrective wave sustaining in the logarithms downtrend channel.
Bitcoin's price broke out of the Fibonacci 0.618 ($ 7315) zone, so we will approach the last bounce - the target is Fibonacci 0.786 ($ 5484).
~~~ SEVENTH REPORT - LAST PART ~~~ Short term vision and what happen with market right now
I gave you an overview from the cycle to the month and week cycle. And now let's look at the short-term frame of the session.
On this chart I will use the pure Price Action method to guide the upcoming trend for us.
Currently the purple lines that I draw are the candles waves in the week frame. And the black line is the candle waves on the day frame.
We can see that the weekly wave broke below the low of the previous wave, which put us in a downtrend. And we are currently in the correction of the week session with 3 turning points similar to waves A, B and C in Elliot. Currently, the session exceeded the level of $ 7528 (this is both a weekly resistance and a turning point at the high of a daily wave) so we are also in bullish - daily frame.
Because of the increasing daily frame , the 3rd correction of the week is still going up and the target will be the area defined by the 2 resistance sessions of the week between $ 8805 - $ 9536.
After this last session of the week's session, we continue to aim at falling to $ 5484.
Okay, so we've finished the long research, and hope it helps you. Good luck and hope you will LIKE and SHARE this article to support me.
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