Predicting next 9 10 months for Bitcoin price
I am trying to correlate current monthly chart of Btc with weekly chart of BTC when BTC was in bear market after touching 1100$ for first time. I see lot of correlation till now between weekly chart of that period with bear cycle monthly chart.
1100$ Bull Cycle - Weekly chart - took 8 months to reach top after starting of bull cycle
69000$ Bull Cycle - Monthly chart - took 40 months to reach top
1100$ Bear Cycle - Weekly chart - First bear cycle wave took 4 months 10 days
69000$ Bear Cycle - MOnthly chart - Have taken 21 months till now for first wave (assuming this to be end of first bearish wave in 3 wave bearish structure)
1100$ Bull wave in Bear Cycle - Weekly chart - Bull wave continued for 2 months (precise - 1 month and 26 days)
60000$ Bull wave in Bear Cycle - Monthly chart- Bull wave will take approximately 9 months
Not able to post monthly chart RSI here but one can correlate RSI and MACD also between monthly and weekly chart.
Expected Bullish wave top - 39k-42k - 9 months period starting from December 2022
1100$ Bull Cycle - Weekly chart - took 8 months to reach top after starting of bull cycle
69000$ Bull Cycle - Monthly chart - took 40 months to reach top
1100$ Bear Cycle - Weekly chart - First bear cycle wave took 4 months 10 days
69000$ Bear Cycle - MOnthly chart - Have taken 21 months till now for first wave (assuming this to be end of first bearish wave in 3 wave bearish structure)
1100$ Bull wave in Bear Cycle - Weekly chart - Bull wave continued for 2 months (precise - 1 month and 26 days)
60000$ Bull wave in Bear Cycle - Monthly chart- Bull wave will take approximately 9 months
Not able to post monthly chart RSI here but one can correlate RSI and MACD also between monthly and weekly chart.
Expected Bullish wave top - 39k-42k - 9 months period starting from December 2022
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