The blue lines represent a higher order of magnitude, that is, a 0 is added each time the price goes up.
In this analysis, I only examine when and how bitcoin moves from a given lower range to the next higher range.
The criteria are:
To get started: close the week over a range, or tap to close it. Also, if it falls below the line later, keep the body of the candle on the line.
In the goal: reach the higher range (in this case, you do not have to close above it, because the goal was still met)
Several things can be observed:
- Bitcoin is a change of magnitude, an existing thing. They visibly function as resistance and support.
- If you drag a Fixed Range to the cycles, (FRVP notation on the Graph) then the maximum traffic is directly above the order of magnitude by about 10%. Above this, the traffic measured in bitcoin decreases until the end of the process. (There is 1 exception, this is the very first shift, it has 10% less traffic here. I think this is an anomaly due to early incomplete data.)
- Shift 6 is currently underway, which has been confirmed by the FRVP with the usual higher turnover.
"So far, every time this process has begun, it has taken place." So an exchange rate of $ 100,000 seems inevitable.
- as soon as the price left the area with the highest traffic, it never returned. He reached a higher order with something quick and intense.
Here it can be observed that every 2nd order of magnitude change is shorter than the one before it.
1, 18 weeks - 126 days
2, 7 weeks - 49 days (77 days shorter than the previous cycle)
3, 35 weeks - 245 days
4, 15 weeks - 105 days (140 days shorter than the previous cycle)
5, 43 weeks - 301 days
6, so far: 32 weeks - 224 days (if the trend remains, this cycle should last for a maximum of 24 weeks)
Let this order of magnitude variable theory be my business card :-)
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Translated with Google Translator