Cycle repetition - Greed and Fear index

٧ أغسطس ٢٠٢٤

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.

١٢ أغسطس ٢٠٢٤

ملاحظة

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

١٧ أغسطس ٢٠٢٤

ملاحظة

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

٢٩ سبتمبر ٢٠٢٤

ملاحظة

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

١٠ نوفمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

Target reached.