BITCOIN The 5.3 is the magic number on every cycle
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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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.