BITCOIN A complete mapping of the course. Will you miss this? For Indicator: BTCUSD By TradingShot – Technische Analyze – 2022-12-28 23:15:03

This is bitcoin ( BTCUSD ) in a 1 watt timeframe. Current and past cycles have been categorized into bull (green channel) and bear (red channel). Using the (unorthodox) Pitchfan, we have identified the major trend lines that have historically shaped both bull and bear cycles and may continue to do so in the future.

The latest Bear Cycle is powered by a 0.7 Pitchfan F (dotted). The new bull cycle should develop around 1.0 PF (solid blue) where the last two traded mostly below their own lines but peaked exactly after they hit. This is especially important to us because the blue 1.0 line (bull cycle) leads to the orange line 0.8 (bear cycle). Long term investors should consider its crossover as the next bull cycle peak may form there.

When will you buy? Yes, it couldn’t be a better time than now. The last FTX burn has been 1428 days since the end of the 2018 bear cycle, which is the same time it took from the previous cycle (2014). Moreover STOCH RSI At this level there BTC Historic bottom and a new bull cycle has begun.

Do you think this is a unique long term buying opportunity for bitcoin And if so, could the next peak be close to 200k? Let me know in the comments section below!

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