Thread by @the_coinmaster

1/ WHERE IS THE NEXT BITCOIN TOP!!? 🔥

This thread will compare current price action with previous cycle & try to estimate the current price top.

We will use fractal from 2016. This fractal is also validated with on-chain data (in next thread)

#BTC #Bitcoin #2020BullRun #TA

2/ Bitcoin Halving is the most significant event that determines long term price movement. One cycle runs from halving to halving. Current cycle is 2016 halving to 2020 halving (2020 Halving still not priced in). Previous cycle was 2012 -2016 halving.

#BTC #Bitcoin $BTC

3/ Every $BTC cycle has a Blow-off top. Current cycle blow off top was in Dec 2017 (20K$). Previous #BTC cycle top was in 2013 (1K$).

As shown In below pic, we are in the Jan'16- May'16 part of the cycle. Price fell from ~50% (472$) of cycle top, entered an ascending channel,

4/ kept consolidating for days, then dropped & found support at ~45% (440%) of cycle top. After this support held, price blasted off to ~80% cycle top within days!!

Coming to present. I think 2020 halving is still not priced in! Price has already tested ~50% (10.5K) of cycle top

5/ 20K$. Price has currently found support at 8.9K which is 45% of cycle top. Next comes the blast off!!

If it repeats the #BTC last cycle, 80% of 20k= 16$K!! I'm expecting this over the next few days (by end July)!

Apart from price pattern validation, this $BTC fractal is also

6/ validated by On-chain HODLer activity. I will talk about that in detail in my next thread.

Action Plan: Keep mid-to-low lev overall Long position, sit back & relax!

Next few weeks are going to be full of positive surprises for bulls. Like, retweet & FOLLOW this account for

7/ more updates. Bears are encouraged to challenge this idea but only with valid data.

Bearish comments without valid data will be blocked 🙃

Enjoy the ride from here, fellow bulls! See you soon at 5-digit BTC! Cheers! 🍻

#2020BullRun #BTC #Bitcoin #Crypto #Cryptocurrency