No guarantees here, but I do find it interesting... Each time monthly RSI broke above the channel median, it went to the channel top, and #Bitcoin went to the 1.618.

** RSI went to the channel top, AS #Bitcoin went to the 1.618. Has nothing to do with where it “topped”.

@TechDev_52 1400 likes and NOBODY takes the time to check - WTF?!? Only in one of the 4 occurrences is 1.618 a meaningful level. This is Bitcoin MOFO's - DON'T TRUST, VERIFY!

@TechDev_52 I love finds like this and appreciate the people working hard to discover them and share🤝🏽

I have a theory, may be disproved this cycle… The actual cycle high for 2013 bull, was higher than the 1.618 fib, it was the next fib level up, 2.272 Next cycle 1.618 If reducing gains theory continues to be correct This cycles top would be the 1.212! Although my personal opinion is 1.212 for first top and 1.618 for the 2nd top 6-12 months later

@TechDev_52 very fair target 👏👀

@TechDev_52 @L4UR3N7 I dont trade nor consider selling btc. Pure accumulation and price agnostic. Do you consider a scenario where the etf buying has completely changed the game given capped supply and 4 year halving cycles?

@TechDev_52 So hypothetically speaking, $160k could be the blow off top for Bitcoin to end a larger 5 wave Elliot structure?

@TechDev_52 And what if it breaks the 1.618 fettuccine? 🤌

@TechDev_52 Still a long way to go for alts

@TechDev_52 Monthly RSI(14) breakouts >70 and top was within 10-12 months. Bifurcated cycle to the higher fib >$200k

Jason C @JC_GetRichSlow

2 years ago

@TechDev_52 Monthly RSI(14) breakouts >70 and top was within 10-12 months. Bifurcated cycle to the higher fib >$200k

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@TechDev_52 ETF inflows and Saylor buying is clearly strength. Wise to ride it until it’s not, then re-assess.

@TechDev_52 So the top would be around mid 2024?

@TechDev_52 Anybody have the link to monitor this real time?

@TechDev_52 @OG_Yomi Doge coin to the moon

@TechDev_52 Dam, so 10$ $coti ? Sweet!

@TechDev_52 @Freedom_By_40 Amazing chart

@TechDev_52 Well done, was just going over monthly RSI history today lol

@TechDev_52 @FredoNYC_

@TechDev_52 Exactly

@TechDev_52 Looks feasible, I also support for similar targets 🤝🏼🤝🏼

Imperial BTC @imperial_btc

2 years ago

@TechDev_52 Looks feasible, I also support for similar targets 🤝🏼🤝🏼

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@TechDev_52 Nice find. And nice to see that in the first two cycles it kept going. I think it will in this one too.

@TechDev_52 160k for cycle top is incredibly bearish

@TechDev_52 1.618 is the 🔑 x.com/scrtjs532/stat…

Johanne𝕊 ⚡️ @SCRTJS532

2 years ago

@TechDev_52 1.618 is the 🔑 x.com/scrtjs532/stat…

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@TechDev_52 Sexy

@TechDev_52 History doesn’t always repeat, but it sure likes to rhyme a lot…

@TechDev_52 I would be happy with a 160k corn top...

@TechDev_52 I see a 500k in there.

@TechDev_52 So between may and November could be top 🔝

@TechDev_52 This time different

@TechDev_52 2 out of 3 times BTC did 2x width of base. The time it failed, China forced Chinese miners to SELL early in 2021

@TechDev_52 Yup x.com/cryptojules1/s…

Crypto Jules @CryptoJules1

2 years ago

@TechDev_52 Yup x.com/cryptojules1/s…

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@TechDev_52 Personally would like to see it retest that 70 RSI line before really breaking out. Similar to 2017.

@TechDev_52 It's always good to have new tools in the trading arsenal.

@TechDev_52 What about average time to get there?