No guarantees here, but I do find it interesting... Each time monthly RSI broke above the channel median, it went to the channel top, and #Bitcoin went to the 1.618.
** RSI went to the channel top, AS #Bitcoin went to the 1.618. Has nothing to do with where it “topped”.
So hypothetically speaking, $160k could be the blow off top for Bitcoin to end a larger 5 wave Elliot structure?
1400 likes and NOBODY takes the time to check - WTF?!? Only in one of the 4 occurrences is 1.618 a meaningful level. This is Bitcoin MOFO's - DON'T TRUST, VERIFY!
I love finds like this and appreciate the people working hard to discover them and share🤝🏽
I have a theory, may be disproved this cycle… The actual cycle high for 2013 bull, was higher than the 1.618 fib, it was the next fib level up, 2.272 Next cycle 1.618 If reducing gains theory continues to be correct This cycles top would be the 1.212! Although my personal…
I dont trade nor consider selling btc. Pure accumulation and price agnostic. Do you consider a scenario where the etf buying has completely changed the game given capped supply and 4 year halving cycles?
Monthly RSI(14) breakouts >70 and top was within 10-12 months. Bifurcated cycle to the higher fib >$200k
#Bitcoin #btc Fib extensions idea from @decodejar Added monthly RSI(14) breakouts >70. Bars elapsed until cycle high. >$200k q1 '25 possible?
ETF inflows and Saylor buying is clearly strength. Wise to ride it until it’s not, then re-assess.
Looks feasible, I also support for similar targets 🤝🏼🤝🏼
Nice find. And nice to see that in the first two cycles it kept going. I think it will in this one too.
1.618 is the 🔑 x.com/scrtjs532/stat…
2 out of 3 times BTC did 2x width of base. The time it failed, China forced Chinese miners to SELL early in 2021
Personally would like to see it retest that 70 RSI line before really breaking out. Similar to 2017.
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