Menu Close

Bitcoin’s 1 Year Cycle Projection Drops to 1500

Originally posted at Capitalstool, the Stool Pigeons Wire

Last week, before the Saturday Night Slaughter, BTC’s one year cycle projection was 12,000.  Now it’s 1500. Here’s how it looks on a linear scale chart. As you can see, there’s trend sport around 17,000-16,500 Sunday and Monday. If that breaks, then the next semi-likely sport line and bounce point would be from around 14k.

yd452

This does not surprise us because the conventional measured move target of the top breakdown has always been 5000 below zero.

Here again is a linear scale view of the long term. This chart suggests that the next sport level is around 13,000.

yd46c

The hourly chart is holding for the time being, as of Sunday morning.

tvc_9c4c4e89664a46288cead13399593840.png

 

I’ll be posting an update of the technical stock market outlook at Liquidity Trader a bit later today. Stay tuned for that.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share