Hello, Tradingview community!! Today we will talk about a different thing not related to where`s new ATH will be but it's about how you can identify the new bottom once BTC Topped everything we extracted from the BLX chart and based on the previous historical movement for BTC. we used the logarithm chart ( I'm not fan of logarithm chart but that the only way to shows previous bearish cycles low)
if we looked at the chart we will see 3 bearish cycles at 2011-2013-2017 the relation between these cycles is the dropping ratio. In 2011, BTC dumped by -93% In 2013, BTC dumped by -83% In 2017, BTC dumped by -84%
Based on this we can see a clear relation between the previous dump ratios, all of them are close to being in one context, unlike breakthroughs, and new peaks each ATH are different and difficult to determine like now, if we can`t determine top we can easily determine bottom once BTC topped which gives us good chance for new investment. So If BTC topped here or at 100K or at 1 million (FOMO people talk) you can look easily for -75% -80% -85% -90% from topped and from each level you can use it to buy BTC.
if you asked me personally where BTC ATH i answered this inside this update below you can check it and if our prediction failed there will be a new update.
In the end, “Trade What’s Happening… Not What You Think Is Gonna Happen.”
Ps: This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
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Good luck to all. we ask Allah reconcile and repay🙏
amazing bro as always, but depending on your last analysis, the high can't be more than 50K ! or you have another update
we need actually your amazing update for the BTC or maybe we are on fomo and the price can reach any high.
HamadaMark
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Salam bro @mohammednasserbu255, about this part ( depending on your last analysis, the high can't be more than 50K !) no one, can be certain about a specific level but all of us provide a price prediction, and this expectation is subject to success or failure for me i see the end of this cycle located at 33/46K and wait for price reaction from it if this prediction fails, this not mean we stop here, of course not, i will add the new limits for next cycle. and following the movement.
we need actually your amazing update for the BTC or maybe we are on fomo and the price can reach any high.