Bitcoin’s recent market developments exhibit intriguing correlations with historical patterns.
December 2017 and November 2021 ATHs resulted in similar correction phases of 27 bars and 378 days.
Recovery phases post-correction: December 2018 and November 2022 share similarities, hinting at a potential HIDDEN Pump Activator Zone around 48k.
Projected timeline for the current recovery: 28 bars and 392 days, targeting December 18-20, 2023.
Caution advised; validation of the hypothesis expected in December. Future updates will explore the 2-3 zone as a substantial correction phase.
Decoding Bitcoin’s Trends: A Prop Firm Analysis
In decoding Bitcoin’s trends, a prop firm analysis reveals intriguing correlations between recent market developments and historical patterns. The focus centers on deciphering the trajectory of Bitcoin’s future movements based on past occurrences.
Historical Patterns: Parallel Corrections and Recovery Phases
Examining the historical patterns, the market corrections following December 2017 and November 2021 ATHs exhibit striking similarities. Both correction phases took precisely 27 bars and 378 days to complete, setting the foundation for an analytical exploration labeled as (0-1).
Future Trajectory: Projected Recovery and Cautionary Notes
As we project the future trajectory, the recovery phase initiated in November 2022 mirrors the 2018 move, hinting at the possibility of approaching a significant resistance zone around 48k—the HIDDEN Pump Activator Zone. The projected timeline for this recovery is set at 28 bars and 392 days, culminating around December 18-20, 2023. Caution is advised, with validation of this hypothesis expected in the upcoming month, influencing future updates that will delve into the 2-3 zone as a potentially substantial correction phase.