#Bitcoin is well structured in every cycle in which it cons | Trader Tardigrade on Binance Square

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Trader Tardigrade

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#Bitcoin  is well structured in every cycle in which it consists of two tops and two bottoms.
In the current cycle, we can easily recognize two tops and two bottoms. The next move will be passing the top's level.
https://twitter.com/tatrader_alan/status/1708738585476931602?s=61&t=zmVlVjQVA-dQOs9nSD0ckQ

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Combination of multiple indicators successfully caught the #Bitcoin's bottoms. Stochastic indicator %K falling below 20 signals the possibility of a bottom. At the same time, it forms a support trendline along the lows of %K. It caught the bottoms in 2015 and 2019 and fell below 20 again in Nov 2022. RSI MA falling onto near 50 (mid channel) signals another possibility of a bottom. It also forms a support trendline along the lows. It caught the bottoms in 2015 and 2019 and fell on 50 again in Nov 2022. OBV smoothing line has behaved a bit late in bottom signaling, but it can confirm the true bottoms coming. It also forms a support trendline along the lows. It confirmed the bottoms in 2016 and 2019. It now confirm the true bottoms has come in May 2023. https://x.com/TATrader_Alan/status/1713466199047328052?s=20

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#Bitcoin formed Pre-halving Bull Runs from the bottoms to the halving days. In the first halving in 2012, it formed a 54° angle from the bottom. In the second halving in 2016, it formed a 49° angle from the bottom. In the third halving in 2020, it formed a 38° angle from the bottom. If we apply those angles to the forth halving happening in April 2024, we will see #Bitcoin at $186k in the best case with a 54° bull run, $128k with a 49° bull run and $65k in the worst case with a 38° bull run. Do you think $BTC can reach better than the best case (>$186k), at the best case ($186k), between the best and worst case ($65k-$186k), at the worst case ($65k) or worsen than the worst case (<$65k)?

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The same configuration of #Bitcoin has repeated itself. In the green channel, $BTC hit multiple points to the upper and lower lines. After a period of cool down in the orange arrows, it will send to the next level.

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What if #Bitcoin plays this out? Will you be shaken out or catching the best buying point?

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This is how Parabolic Rallies of #Bitcoin brew itself. Most of the time when #Bitcoin moves in Parabolic way, it first drops down below a support trendline. In other words, this breakdown signals a high possibility of parabolic moves afterwards.

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