{"id":13086,"date":"2023-01-21T08:25:55","date_gmt":"2023-01-21T08:25:55","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13086"},"modified":"2023-05-18T08:27:59","modified_gmt":"2023-05-18T08:27:59","slug":"bitcoin-33k-seems-inevitable-next-this-pattern-always-delivers","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/01\/21\/bitcoin-33k-seems-inevitable-next-this-pattern-always-delivers\/","title":{"rendered":"BITCOIN 33k seems inevitable next. This pattern always delivers."},"content":{"rendered":"

We talked yesterday about how beautifully Bitcoin’s (BTCUSD) Adam and Even (A&E) pattern delivered a textbook short-term target at 21650:<\/p>\n

\"BITCOIN's<\/a><\/div>\n

We looked into such past occurrences more and discovered even more interesting clues for the immediate future. As this analysis shows, every Bear Cycle bottom has been formed on an A&E pattern (even the first Cycle in 2011 but on the current analysis we look into the 2014\/15, 2018\/19 and 2022\/23 Cycles).<\/p>\n

Following the A&E pattern and break above the 1D MA200 (orange trend-line), if no unexpected black swan event takes place (such as the FTX crash in November or the Bitfinex crash in August 2015), BTC can start a relentless rally, the first of this Bull Cycle, and if supported by the 1D MA50 (blue trend-line) can reach at least as high as the 0.5 Fibonacci retracement level as in October 2015 and May 2019.<\/p>\n

Right now the 0.5 Fib is exactly at 32900. In 2015 it took the price 114 days and in 2019 82 days from the completion of the A&E pattern before reaching the 0.5 Fib. If we take the maximum 114 day extension as a projection, we can expect it to hit 33k by early May.<\/p>\n

Do you think that is a realistic immediate target? Feel free to let me know in the comments section below!<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/BTCUSD\/ouYuky7Q-BITCOIN-33k-seems-inevitable-next-This-pattern-always-delivers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We talked yesterday about how beautifully Bitcoin’s (BTCUSD) Adam and Even (A&E) pattern delivered a textbook short-term target at 21650: We looked into such past occurrences more and discovered even more interesting clues for the immediate future. As this analysis shows, every Bear Cycle bottom has been formed on an A&E pattern (even the first<\/p>\n","protected":false},"author":611,"featured_media":13087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-13086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13086"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13086\/revisions"}],"predecessor-version":[{"id":13089,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13086\/revisions\/13089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13087"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}