Here’s what this chart looked like for me when I published it:
One possible scenario. Would that mean a cryptowinter after February, including altcoins? What about Ethereum 2.0 and various Cardano upgrades?
Ethereum’s proof-of-stake MERGE is scheduled for ~Feb 2022, with proof-of-work “heat death bomb” set to go off June 2022:
finance.yahoo.com/ne...hints-113000901.html
Buy the expectations, sell the actual event for ETH’s proof-of-stake merge?
Note the scalability upgrade for ETH 2.0 will be in late 2022.
Cardanao Basho scaling is due around that time also:
www.reddit.com/r/car...asho_era_in_cardano/
Ideally for this scenario, the Bitcoin price needs to come down a bit into November to $37 – 47k so that the projected 111 DMA will not trigger the Pi Cycle Top prematurely by crossing back up over the projected ~$130k 350 DMA (×2) until the price is north of ~$220k. If instead breakout now without correction then Pi Cycle Top by Feb 22 would be for a Bitcoin price less than $200k.
I will follow-up with some alternative scenarios and warnings.
Note this chart is using my new Regression scripted indicator (forked from www.tradingview.com/u/rumpypumpydumpy/), which is very advanced compared to all the others currently available on TradingView. I will be publishing this script as free, open sourced probably over this weekend after some more testing.
One possible scenario. Would that mean a cryptowinter after February, including altcoins? What about Ethereum 2.0 and various Cardano upgrades?
Ethereum’s proof-of-stake MERGE is scheduled for ~Feb 2022, with proof-of-work “heat death bomb” set to go off June 2022:
finance.yahoo.com/ne...hints-113000901.html
Buy the expectations, sell the actual event for ETH’s proof-of-stake merge?
Note the scalability upgrade for ETH 2.0 will be in late 2022.
Cardanao Basho scaling is due around that time also:
www.reddit.com/r/car...asho_era_in_cardano/
Ideally for this scenario, the Bitcoin price needs to come down a bit into November to $37 – 47k so that the projected 111 DMA will not trigger the Pi Cycle Top prematurely by crossing back up over the projected ~$130k 350 DMA (×2) until the price is north of ~$220k. If instead breakout now without correction then Pi Cycle Top by Feb 22 would be for a Bitcoin price less than $200k.
I will follow-up with some alternative scenarios and warnings.
Note this chart is using my new Regression scripted indicator (forked from www.tradingview.com/u/rumpypumpydumpy/), which is very advanced compared to all the others currently available on TradingView. I will be publishing this script as free, open sourced probably over this weekend after some more testing.
This idea is not my only idea of what might be going on.
There is something very strange that I posit might be happening with Bitcoin and the entire crypto sector.