Bitcoin's Historical Patterns & Future Trajectory
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The recent Bitcoin market developments present an intriguing correlation with historical patterns, sparking discussion on potential parallels and future implications. Let's delve into a comprehensive analysis
In December 2017, Bitcoin surged to an unprecedented high of 19k, sparking widespread attention. Subsequently, the market underwent a substantial correction spanning 27 bars over 378 days, forming the basis of our observation labeled as (0-1) for analytical purposes—not classified as an Elliott Wave pattern.
Remarkably, fast-forward to the recent ATH achieved in November 2021. Following this peak, Bitcoin embarked on a significant correction, mirroring the previous cycle by also taking precisely 27 bars and 378 days to complete. This 1:1 comparison highlights an intriguing symmetry between these market movements.
However, the narrative deepens when considering the recovery phase. In December 2018, Bitcoin initiated a recovery and reached the HIDDEN PUMP ACTIVATOR ZONE at 13k, achieving this milestone within precisely 14 bars and 189 days, completing the count (1-2). Transitioning to the current market scenario, a recovery journey commenced in November 2022, raising speculation that the price might approach a significant resistance zone, potentially signaling another HIDDEN Pump Activator Zone, this time around the 48k level.
Drawing parallels to the 2018 move, the duration projection extends to almost or exactly double the period spent during that phase. Thus, a projected timeline of 28 bars and 392 days is anticipated, suggesting a potential target around December 18-20, 2023, for this phase to unfold.
However, caution is warranted, and validation of this hypothesis is sought in the upcoming month. The impending developments in December will be critical in confirming or refuting this proposed pattern. Future updates will delve deeper into the 2-3 zone, anticipated as a substantial correction phase.
This analysis is presented as a research observation, acknowledging the possibility of variations. Your engagement, support, and feedback are valued in furthering this discussion and refining our insights.
Thank you for your attention. Your interaction, likes, comments, and insights contribute significantly to our ongoing analysis and understanding of these market movements.
In December 2017, Bitcoin surged to an unprecedented high of 19k, sparking widespread attention. Subsequently, the market underwent a substantial correction spanning 27 bars over 378 days, forming the basis of our observation labeled as (0-1) for analytical purposes—not classified as an Elliott Wave pattern.
Remarkably, fast-forward to the recent ATH achieved in November 2021. Following this peak, Bitcoin embarked on a significant correction, mirroring the previous cycle by also taking precisely 27 bars and 378 days to complete. This 1:1 comparison highlights an intriguing symmetry between these market movements.
However, the narrative deepens when considering the recovery phase. In December 2018, Bitcoin initiated a recovery and reached the HIDDEN PUMP ACTIVATOR ZONE at 13k, achieving this milestone within precisely 14 bars and 189 days, completing the count (1-2). Transitioning to the current market scenario, a recovery journey commenced in November 2022, raising speculation that the price might approach a significant resistance zone, potentially signaling another HIDDEN Pump Activator Zone, this time around the 48k level.
Drawing parallels to the 2018 move, the duration projection extends to almost or exactly double the period spent during that phase. Thus, a projected timeline of 28 bars and 392 days is anticipated, suggesting a potential target around December 18-20, 2023, for this phase to unfold.
However, caution is warranted, and validation of this hypothesis is sought in the upcoming month. The impending developments in December will be critical in confirming or refuting this proposed pattern. Future updates will delve deeper into the 2-3 zone, anticipated as a substantial correction phase.
This analysis is presented as a research observation, acknowledging the possibility of variations. Your engagement, support, and feedback are valued in furthering this discussion and refining our insights.
Thank you for your attention. Your interaction, likes, comments, and insights contribute significantly to our ongoing analysis and understanding of these market movements.
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Bitcoin nears the crucial pump activator zone, a robust resistance level where a potential rejection is anticipated.Key price ranges under observation: 45,000 to 48,200.
The anticipated corrective movement is expected towards the 31,000 to 33,000 range.
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In the preceding 2-3 phase, an evident and substantial downturn unfolded, marking it as a significant bearish movement. Considering historical patterns, a similar occurrence seems probable, affirming the likelihood of a recurring cycle.
Stay tuned for updates on our forecast regarding the anticipated developments during the current 2-3 phase.
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Your long awaited Count 2 to 3 move is here, Enjoy guys.
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Still within move 2-3.Do not forget this analysis, keep an eyes on it.
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