Bitcoin As Expected

Author

BraVoCycles Newsletter
January 23, 2024

Its an important time in the stock market! We would like as many traders and investors as possible to take advantage of our in-depth premium content for market timing and swing opportunities.

Upgrade to premium with a credit card before January 31, 2024 and lock in a 25% discount.

Get in synch with the market rhythm!

Subscribe | Vincent SpotlightAlternative Investing News for the Savvy Investorvincent-spotlight.beehiiv.com/subscribe?_bhba=027aa3fe-919d-491c-8e24-caf569b61ebb

  • Bitcoin has been behaving as “the Doctor prescribed;

  • Apologies for my messy “Voodoo” workshop-like cycle-based price projections chart, but it delivers;

  • Bitcoin hit the 20D and 40D cycle targets (red hollow rectangles) on the nose;

  • In the process, it generated the 80D cycle extending down to about 35K (red sloid rectangle);

  • What’s next?

    • Bitcoin should bounce some, ideally not above general 42.5k-43.5k gray resistance area (gray rectangle);

    • If it goes above the resistance, it will likely generate a price target toward the last high;

    • If it slices through the support at 36k-37k area (bluish rectangle) subsequently, it will start to generate much lower targets, initially to below 30k;

  • We will be watching closely.

Figure 1: Bitcoin cycle price projections chart.

Subscribe | Bullseye Trades

BraVoCycles is not a registered investment advisor. This research report has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. Opinions are based on the analysis of historical data and believed reliable, but there is no guarantee that predictions will be accurate. Readers using this information are solely responsible for their actions.

CFTC RULE 4.41 - These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

ALL RIGHTS RESERVED. No part of this report may be reproduced or transmitted, or forwarded to another individual, in any form, electronic, or mechanical, including photocopying, recording, or by any storage media or retrieval system without expressed written, dated and signed permission from the author.

Reply

or to participate.