lowstrife

The 235 Day Cycle (somehow) is Still Not Dead

QUANDL:BCHAIN/MKPRU   BCHAIN/MKPRU
5659 8 58
a year ago
So I figured this one out a few weeks too late from our $500 top, but hilariously we are still on track for this - somehow. Curve-fitting to the max but it's interesting to see nevertheless. We also see peaks in the network transactions\day to this same timetable too. Network transactions double every period, and they peak within 48hr of price peaking. April $266 had 50,000 transactions. Nov $1163 had 93,000 transactions. November $504 had 180,000 transactions. Next stop is 360,000.

This doesn't say what direction the top will be relative to now, it just says that this time period will be a top. We can set a higher high above $500, or a lower high below $500, but if history were to repeat (again) we would be seeing a local top around the bitcoin halving coming up this summer.

The next few weeks will dictate the trend we will be on for the incoming year leading up to the next halving IMO. We exited the 2015 ranging market with $300 as our major resistance turned support, so dropping below before bouncing up this June would be quite ominous.

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Of course, because I'm publishing this, the law of predictions state that I will be completely wrong and nothing at all will match up from any point going forward. That's just how these things work, eh?

I am also publishing this chart from a QUANDL dataset to get the all-time price history, hopefully this will playback properly in the future.
5 months ago
Trade closed: target reached: Target is still a few days away, but it looks like the local top has been put in place. Tango delta bravo, the market has repeated history surprising everyone and nbody at the same time.
Bignasty
6 months ago
Here we go again! Right on target
Reply
Koi_Capital PRO
5 months ago
Great call!
Reply
Fontas
5 months ago
Good observation lowstrife
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erelerel
5 months ago
Great prediction lowstrife. Are you going to share your new prediction with us? :) Greeetings from Turkey.
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erelerel
3 months ago
any targe & updates? :)
+1 Reply
coinrunNATE PRO
3 months ago
Make an updated one!!!
+2 Reply
erelerel
2 months ago
please update us
Reply
astral
9 days ago
This is a seriously insane chart.
Reply
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