CYCLE 4 | BTC If Perfect Cycle - ATM Target Zone [For Fun]
2024-12-20
Category: None

IF PERFECT CYCLE - ATM TARGET ZONE  
For this post (just for fun) if BTC is allowed to run to it historic tends this cycle, then I have marketed the projected 'ATH Target Zone', based on the current state of my price modelling, cycle mapping, oscillators, indicators and technical analysis tends. 

 Weekly RSI - CURRENT ANALYSIS 
While the weekly RSI bearish divergence (yet to be locked in) looks eerily familiar to our double peak top the 2021 cycle, if this does eventuate then we will be looking for BULLs to continually invalidate similar to the 2017 bull run. If there is a reasonable pull back at this point (30% to 40% pull back) and we retest and hold the 21W EMA 20W SMA, then this would be consistent with the 2017 bull run at this point in the cycle and we would then want to see bulls invalidate the bearish divergence on the weekly RSI to have confidence in the possibility of more upward price action ahead. 

 FOLLOW ALONG WITH THIS POST! 
What do you think about this chart? Am I too bullish or bearish with this zone?

Will be fun to track this moving forward.