post, we are looking into Cyclical phase and demonstrate them in a way like you've never seen before!
Each Cycle consists of the Bear (red), Transition (blue) and Bull (green) Phases. The Bear Phase ends at the bottom of the Cycle, where the Transition starts and typically after the price breaks above the 0.786 Fibonacci retracement level, the Bull Phase starts.
At the moment BTC is above the 1W MA50 (blue trend-line), has already started its Transition Phase and is expected to stay within it, until the 0.786 Fib breaks. Technically this may not happen before the next Halving (4), which due on May 2024. If it breaks earlier, expect the next Bull Phase (which is usually the most aggressive/ parabolic part of the Cycle) to start earlier.
Do you like this Cycle representation? Feel free to let us know in the comments section below!
P.S. The Cycles and trend-lines may get distorted and displaced based on your screen display. Adjust the axis accordingly to view the image as it is shown outside the idea.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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👇 👇 👇 👇 👇 👇
Each Cycle consists of the Bear (red), Transition (blue) and Bull (green) Phases. The Bear Phase ends at the bottom of the Cycle, where the Transition starts and typically after the price breaks above the 0.786 Fibonacci retracement level, the Bull Phase starts.
At the moment BTC is above the 1W MA50 (blue trend-line), has already started its Transition Phase and is expected to stay within it, until the 0.786 Fib breaks. Technically this may not happen before the next Halving (4), which due on May 2024. If it breaks earlier, expect the next Bull Phase (which is usually the most aggressive/ parabolic part of the Cycle) to start earlier.
Do you like this Cycle representation? Feel free to let us know in the comments section below!
P.S. The Cycles and trend-lines may get distorted and displaced based on your screen display. Adjust the axis accordingly to view the image as it is shown outside the idea.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。