#Bitcoin Bullish.
All patterns obeyed their exit statistics.
Every pattern's target has been reached.
As a result, the last two patterns' targets are highly likely to be reached.
Target 1 : $55.6K
Target 2: $68.3K
#BTC#Crypto
#Bitcoin B U L L S A R E T H E R E. ๐ฅ๐ฅ๐ฅ
The 2W Detrended Price Oscillator (DPO) bounced off the 190 level, at the 2018 bottom, resulting in a rise.
It has just recently bouncedย to this point.
This raises the odds of a positive resolution to the previous month's range.
Very interesting! Ust is one of the big btc buyers at the moment (and possibly in the future). Still studying ust, but a bitcoin backed stable coin should theoretically be possible, with the right amount of overcollateralization and rebalancing, to get rid of btc volatility.
#BTC ๐ฅ
Each time the 9-year support is hit, a dynamic target is reached in a maximum of 305 days.
It was hit in January, 2022 and we're still there.
As a result, it's very likely that the dynamic target will be reached once more :ย โ+211% around Sept. 2022, from this entry.
#BTC EXTREMELY BULLISH.
BTC's rise follows the same pattern as the S&P500.
Since 2013, the percentage rise has been nearly stable.
The macro dynamics of BTC cannot be understood using traditional logarithmic regression models (which predict a curved path) or traditional TFs.