November 28th is an important day for #Bitcoin, not only because it's the date of the first halving, but because it's the date cycles are centered around.
This means today starts a new chapter, the bull market.
I introduced the November 28th Cycles Theory (now Halving Cycles Theory) in January 2023 almost 2 years ago when it told us the bottom was in then at 15.5k.
It told us that Green Year (2023) would be the year of the best buying prices and a move to the median price of $34,500, which we did.
It told us that Blue Year (2024) would be about preparing to move to new ATHs and advancing to do that toward the end of the year, which we did.
Red Year is here! The year of All Time Highs, and the making of the First and Final Cycle Tops (blue and red dots).
The theory projects that the cycle top will come +/- 21 days from November 28th, 2025 as previous cycle tops and bottoms have.
So many people are waiting for the 4-year cycle to die, but it's stronger than ever!
Here's to a year of great price action.
#Bitcoin
2017 and 2021 once again.
I've shared this chart with you since the bottom of $BTC in 2022, so I have no sympathy for bears who missed the entry.
And yes i expect $BTC to see prices higher than $100,000.
#Bitcoin Bull Run 🚀
Less than 2 days left in November, and the most anticipated monthly breakout is unfolding.
Historically, year-end breakouts have consistently triggered bull runs in every cycle. 🐂📈
#Altcoins
I've so many charts to share in the near future, but this is one of my favs.
ETH/BTC is at the bottom of the falling wedge, copying the structure from 2016 almost perfectly (larger timeframe).
You can't imagine what the Alts will do if we just move up from here.👀🔥
#ALTseason programmed!
Like the 4th quarter of 2020, the 4th quarter of 2024 is a significant accumulation period for the crypto market, especially #Altcoins , ahead of MEGA BULL.
$BTC [1W] Step-like formation Update:
Once Bitcoin breaks out of Base 4 and hits a new ATH, expect the sharpest rally in wave 5 of (5) of ⑤, targeting ~$250K.
Recession to follow, with a potential drop to $1K-$10K > shake-out of the century.
Key support: $58.7K
People are in disbelief that a #Bitcoin bull market is possible after 7 months of sideways price action.
The Halving Cycles Theory has had November 28th, 2024 written down as the start of the true bull market year since Janaury 2023, almost 2 years ago.
Price now inching closer to ATHs, exactly one month to go.
#Bitcoin $158,000 is Inevitable 🚀
With a Bull Pennant unfolding and the monthly RSI climbing back above its moving average, #BTC is gearing up for a higher move!
Bitcoin - This cycle is different?
Not really. If you look closely at the chart, each cycle has the 0.618 Fibonacci level acting as a solid resistance zone.
Historically, the price faces a monthly rejection at this level and consolidates below it before breaking out and going parabolic.
However, in this cycle, BTC broke above the 0.618 level without any high time frame rejection.
Instead, consolidation took place above the 0.618 level, close to the all time high.
Even during consolidation, the price never dropped back below the 0.618 area and is now breaking out of the consolidation phase.
If we see a similar trend as previous cycles, we can expect BTC to go parabolic soon.