Few are looking into what has perhaps given historically the most accurate results on Bitcoin, the 1M timeframe. Technically, it has just gottern out of neutrality and turned bullish (RSI = 56.333, MACD = 1504.800, ADX = 27.300) suggesting that the market is past the dangers of the previous Bear Market and has already started the Bull Market.
The current rally is being performed on an October rebound on the 1M MA50. It is not over yet, there are high probabilities of peaking between December and January. Looking at the 1M LMACD, the benchmark is the Bullish Cross that was formed in June (2023). Every prior Bullish Cross, initially delivered a rise then minor pull-back and eventually the final parabolic rally of the Bull Cycle.
We have measured the bottom of the LMACD on each Cycle to its peak and the previous two have been 25 and 27 months in duration respectively. A 25 month estimate for the current Cycles gives us a peak projection for March 2025. We can't of course be certain of the exact peak price but what the LMACD has shown is that every Cycle High is priced when the LMACD hits the 10 year LH trendline. Best to realize profits on your Bitcoins near that level.
Before that, Bitcoin should give us one final pull-back going into the new Halving (April 2024), so that will be your new opportunity to buy if you missed the entry on the current rally.
See how well our prior idea has worked:
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The current rally is being performed on an October rebound on the 1M MA50. It is not over yet, there are high probabilities of peaking between December and January. Looking at the 1M LMACD, the benchmark is the Bullish Cross that was formed in June (2023). Every prior Bullish Cross, initially delivered a rise then minor pull-back and eventually the final parabolic rally of the Bull Cycle.
We have measured the bottom of the LMACD on each Cycle to its peak and the previous two have been 25 and 27 months in duration respectively. A 25 month estimate for the current Cycles gives us a peak projection for March 2025. We can't of course be certain of the exact peak price but what the LMACD has shown is that every Cycle High is priced when the LMACD hits the 10 year LH trendline. Best to realize profits on your Bitcoins near that level.
Before that, Bitcoin should give us one final pull-back going into the new Halving (April 2024), so that will be your new opportunity to buy if you missed the entry on the current rally.
See how well our prior idea has worked:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.