BTC- Dante's Descent (Credit to Market Makers: Youtube)
•11 bars down, 9 bars up (W)
•Average % of previous legs down brings you to the 1.618 projection on 10/31/22
•Every 50% move down in the equities markets has happened during the Shmita year in the Hebrew religion which is happening this year.
Historically the bottom has been 1 year after the Shmita, so that would land us around September of 2023 for a market bottom.
•Average % of previous legs down brings you to the 1.618 projection on 10/31/22
•Every 50% move down in the equities markets has happened during the Shmita year in the Hebrew religion which is happening this year.
Historically the bottom has been 1 year after the Shmita, so that would land us around September of 2023 for a market bottom.
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