Topic: [Chart] When to buy the dip? The next swing low: February 6th-11th 2020 (Read 136 times)
February 04, 2020, 10:53:55 AM
Great in noticing every low within the Month of February and analyzing every dip it has but I think that the last February Dip was in the mark of $3000 USD, but I guess it will not Dip any further more than below the $7000 USD this time when it dips again If you would look further into the previous movement you can see that February 10, 2014, $553 USD, February 10, 2015, has $215 USD you would see that these two is from highest to lowest, and the next two years it changes from Lowest to Highest, then the next two years you can see that it is highest to lowest again, So now I think this coming year maybe it can be Lowest to highest again, but I am guessing it will be at $7000 USD then next year's February will be at $9000 USD, Well just my opinion of how I see things.
February 04, 2020, 07:15:33 AM
Sharing this TA published in December 2019 that's due to be tested in the coming days as price looks like it's wanting to correct. Not much to say about this chart since publishing, apart from rises or bounces in January are far from uncommon before the swing low in early February, see 2015, 2016 and 2019 as examples. DYOR, this TA is not a guarantee.
February 6th-11th 2020 - The Next Swing Low
Source: TradingView, December 23rd 2019. Screenshot: February 7th 2020.
February 6th-11th 2020 - The Next Swing Low
Source: TradingView, December 23rd 2019. Screenshot: February 7th 2020.
Making my first time-based prediction: The next low for Bitcoin will be between February 6th-11th 2020. I first noticed this pattern when looking at the similar time frames of reversals during the bear market of 2018 & 2019. On further back-testing, it appears that for the past 5 years Bitcoin has made swing lows during this specific time-period. Not necessarily a new swing low, or the final low, but lows (or dips) none the less.
February 10th 2014 low: $553
February 10th 2015 low: $215
February 11th 2016 low: $361
February 9th 2017 low: $925
February 6th 2018 low: $5,873
February 8th 2019 low: $3,344
*Chart title is meant to be 6th-11th, not 5th-11th.
Related/Recent TA:
VPVR Volume Point of Control $8,188 Now Turned Support - January 2019
Hash Ribbons Indicator confirms 10th buy signal in 9 years @ $7,245 - December 2019
Extrapolating 2014 Correction: Could $6,500 Be The Low For Bitcoin?, December 2019
Two & Four Year MA's Claim It's Time To Accumulate Bitcoin, December 2019
Bitcoin Is Repeating History? TA Series On Repeating Past Patterns, September-October 2019
Dragonvslinux Technical Analysis: 3 Month Graphical Review
VPVR Volume Point of Control $8,188 Now Turned Support - January 2019
Hash Ribbons Indicator confirms 10th buy signal in 9 years @ $7,245 - December 2019
Extrapolating 2014 Correction: Could $6,500 Be The Low For Bitcoin?, December 2019
Two & Four Year MA's Claim It's Time To Accumulate Bitcoin, December 2019
Bitcoin Is Repeating History? TA Series On Repeating Past Patterns, September-October 2019
Dragonvslinux Technical Analysis: 3 Month Graphical Review
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