HenryHoward
2021-10-22

$ProShares Bitcoin Strategy ETF(BITO)$ With the recent price increase in Bitcoin, a lot of our users at CryptoEQ are asking where the Bitcoin price will go from here. I decided to reveal my projection for what a blow-off top could look like for this bull run. Our premium users got a first look at this projection last week.
This projection mostly focuses on 2 indicators: Bitcoin Logarithmic Growth Curves and DeMark’s Sequential indicator.
The sequential indicator predicts a 9 to 13 count bullish or bearish pattern. I project that we will see a bullish pattern for Bitcoin on the weekly chart and I believe it will be a 9 count run. It appears that we are on the 3rd candle now so we will likely see 6 more candles. I expect the 5th or 6th candle to have a large pull-back, as it is often seen when this pattern plays out. By the time we reach week nine, I would expect us to be over $100,000. While it can be difficult to predict the exact top, $100,000 to $125,000 would fall well within the logarithmic growth curve.

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精彩评论

  • RichieIsaac
    2021-10-22
    RichieIsaac
    WHY BITO IS GOING DOWN?
    Before launching, everybody was waiting so excited for it but it is performing so dissapointed.
  • Alihuat
    2021-10-23
    Alihuat
    its definitely something that u cant predict.. if its only that easy. the only thing is to wait... and accumulate during its fall..
  • RichieIsaac
    2021-10-22
    RichieIsaac
    BITO is in Red yesterday and today. Hope that it will go north again next week. What do you think?
  • RichieIsaac
    2021-10-22
    RichieIsaac
    Hope that your projection is close to coming actual.
  • Ladyjazz
    2021-10-30
    Ladyjazz
    There was a huge projection that it will go up but seems like it didnt
  • Colin08
    2021-10-28
    Colin08
    unfortunately it went into reverse gear
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