Cycle repetition - Greed and Fear index

2024年8月7日

Despite all the market decline and market negativity, my prediction of the next movement still bullish until we reach $80,000$.

Reasons for this market lecture :

1. Greed and fear index is repeating the same cycle as 2021 bull market.
   
2. Accumulation pattern : as explained before , bitcoin is in bullish flag pattern which is the most bullish pattern in technical analysis world.
3. False breakout of the bullish flag pattern : this is one of the extremly bullish reversal signals.
   

I expect that the market will enter a short term accumulation. This accumulation will make the Greed index reaches 20 to 25. Then it will target $80,000.

2024年8月12日

注释

As explained before , market is now formin a double bottom resetting the greed and fear index to 25.
Main target will be 80k.

2024年8月17日

注释

Greed and fear index is now reseting to 20~25 as explained in the chart. The market will aim upside from now.

2024年9月29日

注释

As predicted , greed and fear index triggered the fear level at 24. Now it's aiming to extreme greed level around 90.

2024年11月10日

交易结束：到达目标

Target reached.