This is my analysis of the price of #bitcoin in the long term or how long this bull market is supposed to last.
We can see that each bull cycle is slower than the previous one and since bitcoin follows the logarithmic curve perfectly, we can clearly see that each cycle has a profitability of approximately 1/2 of the previous cycle. With this logic I can estimate when the next ATH will be (Feb-Mar 22).
On the other hand, we are seeing the formation of the same pattern in the rsi that we saw in the 2017 cycle.
The 2020-2021 projection will consider the same approximate percentages in the elliot waves in the 2017 cycle.
* If you want to know why bitcoin price action follows a logarithmic curve, read the stock to flow model by plan b (twitter.com/100trillionUSD)
Also read more about bitcoin lenghthening cycles
We can see that each bull cycle is slower than the previous one and since bitcoin follows the logarithmic curve perfectly, we can clearly see that each cycle has a profitability of approximately 1/2 of the previous cycle. With this logic I can estimate when the next ATH will be (Feb-Mar 22).
On the other hand, we are seeing the formation of the same pattern in the rsi that we saw in the 2017 cycle.
The 2020-2021 projection will consider the same approximate percentages in the elliot waves in the 2017 cycle.
* If you want to know why bitcoin price action follows a logarithmic curve, read the stock to flow model by plan b (twitter.com/100trillionUSD)
Also read more about bitcoin lenghthening cycles
Comment:
Now bitcoin is passing from wave A to B