Pineapple1k

BTC halving fractal. BOTTOM ZONE HERE?

Long
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
HEY ALL!

Welcome to this mind-blowing chart of reversals, tops, bear-markets, halvings, ATHs, FOMO, FUD and fractals! It might seem like a lot in the beginning, but I'll walk you through everything. Without further do, lets jump into it.

The first halving happened 28th of November 2012. It happened around 546 days after the top of the first big market cycle.
After the first halving it took 364 days to reach the next ATH .
The second halving happened mid-july 2012. It happened around 546 days after the market cycle bottomed.
After the second halving it took 525 days to reach the next ATH . (actually 546 days if we count from the small peak right before).
From the last ATH (19k) its possible it takes 364 days to reach the bottom (see chart) which match up perfectly with 546 days to the next halving happening 25th of may 2020 (give or take a few)

This chart isn't accurate, so give or take a week or two as it's using weekly candles. But as you can see, it's the SAME number of days all over the chart!
I found it very interesting, and looking forward to see if it's playing out. I added the fractal of the last bottom to the last halving to this time, just so you get an idea on how the price COULD be evolving over time.

This is not financial advice, but purely speculation.

What do you think?

Comments

Very interesting.
+1 Reply
Pineapple1k ElPoniVengador
@ElPoniVengador, Very! As for fractals like these, they are valid until they are not, but I think the timing of this drop / possible capitulation is very interesting in combination with that chart! :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About 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 Private Messages Chat Sign Out