Home Coinbase January-May 2022. Bitcoin 11,500. Then 8,100. Then 5,100$. For COINBASE:BTCUSD By Chataylo

January-May 2022. Bitcoin 11,500. Then 8,100. Then 5,100$. For COINBASE:BTCUSD By Chataylo

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Comments Off on January-May 2022. Bitcoin 11,500. Then 8,100. Then 5,100$. For COINBASE:BTCUSD By Chataylo
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Heaps happening right here. Let me clarify it simply, i shade coded the assist ranges.

First off, the dashed strains. These are the weekly assist and weekly resistances of the 2017 bull run. They meet one another in april of 2022 at 5,100$. They’re actual helps. Legit rock stable helps.

Now, the white line is 11,5k. It’s a main support/resistance on the weekly chart relationship again 5 years. A serious one.

The blue line is 8,100$. It’s also a significant assist on the weekly chart relationship again 5 years.

The yellow line is without doubt one of the most vital strains in crypto too. It’s 5,100/5,200$.

I used shade coded arrows to point out all of the instances every was assist during the last 5 years.

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Now comes the loopy half. I copied the fractal of the 2020 bullrun. I flipped it the wrong way up on the logarithmic chart on accident. Only for enjoyable I made a decision to place it at 65k and see what it appeared like. I appeared on the chart and observed 3 very brutal crashes. Effectively, I appeared on the worth factors these crashes got here to.

And…

Every of these 3 crashes crashes to a MAJOR MAJOR assist line on the weekly chart.

11,500$ was a spot I used to be ready to purchase at. 8,100$ was a spot i thought of too. Then… I observed that 5,100$ occurs on the spot the place these two daring white dashed strains meet.

I made a decision to analysis 5,100$. I needed to see what 5,100$ was. Was it a significant support/resistance that I fully uncared for to take a look at?

Effectively… Sure. Sure it was. 5,100$ was insanely vital. When bitcoin fell beneath 5,100$ in november 2018 it created the crash to 3k.

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So… I believe our January-Might 2022 bear market could have 3 distinct crashes.

I believe after we high out in our bullish space we’re in over the subsequent month or two (i believe round 56,800$ in the intervening time)…

We crash to 11,500$. Then pop upwards a bit.

Then crash to eight,100$. Then pop upwards a bit.

Then crash to five,100/5,200$. And that 5,100/5,200$ someplace round april/starting of might 2022 IS the underside. And it’s going to start out a brand new bullrun.

It’s going to start out a brand new bullrun just like march 2020. I now not suppose we’re long run going to start out an excellent bear market. I now suppose 5100/5200$ holds as assist and I believe 2025 will deliver the largest bitcoin bullrun in historical past. Most likely 300k in 2025.


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