lowstrife

The 235 Day Cycle (somehow) is Still Not Dead

QUANDL:BCHAIN/MKPRU   BCHAIN/MKPRU
14773 views
122
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.

________________________________

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.
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.
Comment: February 15th is a LONG way away, almost 2 months. Does this rally have the legs to support itself until then for our next target? Time will tell.

Tick tock. Will update again as we enter February.
Comment: Entering the timeframe window on a markup period... what will you do bitcoin. Bid support seems strong, lots of bids on stamp chasing it up.

Short squeeze is over now. Time will tell where the next few weeks take us through this date. Sideways is the best case for bulls.
Comment: 235 day cycle coming up. October 10th, +\- a week or so.

Comments

Hey Lowstrife, i think $2700 max for the ATH based on the current trade and slope but still too early to tell as you said..

+2 Reply
Make an updated one!!!
+2 Reply
Hey lowstrife, both of the last 2 occasions china has shown up with major FUD around 2 weeks before the 235day cycle ended (first time they shut down all withdrawls from exchanges for 6weeks, the second time actually regulating exchanges down to something they control.. (im starting to think this is a Chinese effort to delay this bull and acculate i guess 2 weeks before the next cycle will confirm if they do it again.......
+1 Reply
Time for an update Lowstrife.
+1 Reply
Maybe time to update it?
+1 Reply
wooow spot on
+1 Reply
so like, who do u know?
+1 Reply
This is perfect
+1 Reply
any targe & updates? :)
+1 Reply
Think this can be retired.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out