RezaBorzooei

Bitcoin and Time cycles

Short
BITSTAMP:BTCUSD   Bitcoin
Dear friends, as can be seen from the graph, time cycles in different periods after a rally saw a correction of about 80% in Bitcoin, and each of these cycles lasted about 735 days. It seems that the uptrend of Bitcoin It is over and I expect an 80% correction (maybe) for which the range of 10 to 11 thousand can be predicted ?! Also, between the last three pivots, an Andrew fork has been thrown, the middle line of which we see a high price range with 80% collision. These can only be an analysis, not the basis of buying and selling. I hope it will give you a good view.

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