filbfilb
Education

Bitcoin Market Cycle: Final Leg

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Bitcoin's Market cycle - One of the most defined textbook examples of the market cycle cheat sheet we may ever see.

The chart is self explanatory showing the cycles we went through and the final phase we are now completing - Return to the mean (which is the center line of the pitchfork using candle sticks)

Well this is how i will remember it anyway:)

I will update this chart in due course.

filb
Legend.
+1 Reply
So my original idea from January 4, 2019 at which many people rolled their eyes and commented "oh no, never ever" was probably right!
Today it looks like this. We will see...
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filbfilb ReallyMe
@ReallyMe, its wrong
+8 Reply
ReallyMe filbfilb
@filbfilb, care to explain?
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filbfilb ReallyMe
@ReallyMe, well for a start the fibs are totally wrong
+5 Reply
ReallyMe filbfilb
@filbfilb, are they? strange, they match perfectly. how can that be
... and what else? is there more to come now?
+1 Reply
@ReallyMe, bruh you got the right shape but you also said we'd be at like 200 right now lol. If you redraw the plot and say its the same how is your analysis supposed to have any validity?
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ReallyMe DJ-Jeffy-J
@DJ-Jeffy-J, Like any reasonable trader, I update my analysis according to market behavior. Therefore you should look at the most recent chart in May and not the one from January. It doesn't make sense. Nobody can be exact about the future in numbers. But you can be right in the patterns - understand how the market moves. That's what trading is all about for me.

The reference to my idea of January 4, 2019 should show that I haven't changed my mind about the crypto market movement since the beginning of the year and stick to my analysis.
Exact numbers are not important. Understanding what is going on is the most important thing to me. YMMV
+1 Reply
I strongly believe that We will get at least one more time to buy bitcoin below $5000 before the next bull season! Let's see how it goes!


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Shhh!!
+3 Reply
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