A simplified analysis on acid, on why we might be at the bottom Bitcoin price range for the rest of this four year cycle’s bottoms. Potentially to only see this $30k price range 2 more times from here, before the 2024 halving’s supply shock pressure causes the next price range tranche up in 2025.
https://ift.tt/3rLxgy3
Okay so first of all, before we get into this, the acid I’m on at the moment is called “Limitless” like in the movie, so lets see how this goes. But I would take all this info like you’re hearing about it from a guy who is high on a hallucinogenic drug and tripping out of his mind while enjoying chart patterns. So in essence, throw it all out the window and assume it has no merit. Okay so here we go:
[Here’s some charts to visually show the patterns](https://ift.tt/35qVs15)
The last low in the previous circle was in the $3k price range. It’s the lowest price range that we saw 3 times in 3 price corrections of the previous cycle, before we had this latest run up this cycle into the new price ranges that are in the tens of thousands of dollars.
If we repeat that pattern, we potentially have a blow off top in the six figure range, somewhere like $200k+, then crash back to the $30k range two more times between now and twenty twenty five (2025) when we’ll be jumping to sit in the six figure range fluctuations(Hundreds of thousands range)
We’ll see though, nobody can tell the future, but this is the long term pattern I’m noticing while hallucinating off this acid.
If it’s right, then this is the best buying range opportunity we’ll have two more times over the next 3 years. Which means that We may only see this price range two more times after this in those next 3 years.
After that, the next low might be in the $300k range from 2025-2030, just like now it’s potentially the $30k range, and before this it was the $3k range. Before that the low was the $300 dollar range, before that the $30 dollar range, and before that the $3 dollar range.
History doesn’t repeat itself exactly, but it does rhyme. This rhythm is what allows analysts to see where things can potentially go. Take everything with a grain of salt though because this is basically astrology for financial markets.
If this pattern shows to be fruitful in the long term, I’ll name it “The Rising M Pattern”, or “rising enough to quit McDonalds pattern”
If the pattern is a descending M pattern, then this in the past has meant what I call the “expect to work at McDonalds for a bit longer pattern”, before the next halving’s supply shock kicks in and starts the next cycle’s price range pressures
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