What we see here is a fractal that I noticed in BTC (Bitcoin). It's pretty clear that we got our bottom (3100) after last years bear market and BTC is following now similar moves that occured in previous cycles.
As a matter of course an accumulation zone (purple box) occurs after reaching a bottom (purple circle).
After accumulation we see a first mark-up (purple arrow) that breaks out of the accumulation zone.
Previous first-markups ended with a 61.8 fibonacci (golden ratio) between bottom and top rejection (gold circle), it looks like that's also getting respected this time. After this first mark-up (& 61.8 rejection) a re-accumulation (gold box) occurs very often (this also happens in other markets), so looking at past cycles we should re-accumulate just below the 61.8 fib for some time. This re-accumulation before we broke the 61.8 and started our bullish continuation had a duration of 147 days in the first cycle and 182 days in the second cycle, a duration increase of ca 23%, following this "formula" the re-accumulation should take about 224 days in this cycle. It's also interesting to see that the re-accumulation occured close to the past halvenings, the next halvening is at the end of may 2020, which is also close to our re-accumulation this time.
Something also obvious is that the cycles with increasing marketcap are taking longer & are less steep. The first cycle's trend-angle between bottom and top was 63°and the second one 51°, will we see a trend-angle of 42° now?
After watching this coin move daily for 2 years now i now that it likes to follow it's fractals and is actually very predictable by just looking at the past moves, u just need a good eye!
Don't hesistate to give your opinion! Regards, Yaro aka Nestay.
As a matter of course an accumulation zone (purple box) occurs after reaching a bottom (purple circle).
After accumulation we see a first mark-up (purple arrow) that breaks out of the accumulation zone.
Previous first-markups ended with a 61.8 fibonacci (golden ratio) between bottom and top rejection (gold circle), it looks like that's also getting respected this time. After this first mark-up (& 61.8 rejection) a re-accumulation (gold box) occurs very often (this also happens in other markets), so looking at past cycles we should re-accumulate just below the 61.8 fib for some time. This re-accumulation before we broke the 61.8 and started our bullish continuation had a duration of 147 days in the first cycle and 182 days in the second cycle, a duration increase of ca 23%, following this "formula" the re-accumulation should take about 224 days in this cycle. It's also interesting to see that the re-accumulation occured close to the past halvenings, the next halvening is at the end of may 2020, which is also close to our re-accumulation this time.
Something also obvious is that the cycles with increasing marketcap are taking longer & are less steep. The first cycle's trend-angle between bottom and top was 63°and the second one 51°, will we see a trend-angle of 42° now?
After watching this coin move daily for 2 years now i now that it likes to follow it's fractals and is actually very predictable by just looking at the past moves, u just need a good eye!
Don't hesistate to give your opinion! Regards, Yaro aka Nestay.
