This is a breakthrough on Bitcoin charting as we've discovered the constant that is needed on each Cycle in order to calculate the gains of the next.
As you see Cycle 1 had 32700% gains. Cycle 2 gains were Cycle 1 gains (32700%) divided by the 5.3 constant = 61700%. Cycle 3 gains were Cycle 2 gains (61700%) / 5.3 = 11640%. Cycle 4 gains were Cycle 3 gains (11640%) / 5.3 = 2200%.
As for the bottom, it has been historically at or above the 0.382 Fibonacci level. That was at 20k and has been breached since June. Once a bottom is found we can again use the 5.3 constant to calculate the gains of Cycle 5!
Where do you think it will top and where do you expect the current bottom to be at?
Follow us, like the idea and leave a comment below!!
As you see Cycle 1 had 32700% gains. Cycle 2 gains were Cycle 1 gains (32700%) divided by the 5.3 constant = 61700%. Cycle 3 gains were Cycle 2 gains (61700%) / 5.3 = 11640%. Cycle 4 gains were Cycle 3 gains (11640%) / 5.3 = 2200%.
As for the bottom, it has been historically at or above the 0.382 Fibonacci level. That was at 20k and has been breached since June. Once a bottom is found we can again use the 5.3 constant to calculate the gains of Cycle 5!
Where do you think it will top and where do you expect the current bottom to be at?
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。