Basically, when
BTC
is compared to past cycles a fractal is placed from the beginning of the year, in general, it is useful and shows seasonality well.
But I like the alternative version of the overlay when we take the fractal from the moment of the change of phases of the bitcoin cycle when bitcoin goes from the bear phase, reaches the bottom, and goes into the accumulation phase before the bull run.
As can be seen with the 2nd option on the right on the chart, in this case, it is quite clear how the wedges broke through at the same time. And the crash of Bitfinex coincides with the crash of FTX.
BTC
is compared to past cycles a fractal is placed from the beginning of the year, in general, it is useful and shows seasonality well. But I like the alternative version of the overlay when we take the fractal from the moment of the change of phases of the bitcoin cycle when bitcoin goes from the bear phase, reaches the bottom, and goes into the accumulation phase before the bull run.
As can be seen with the 2nd option on the right on the chart, in this case, it is quite clear how the wedges broke through at the same time. And the crash of Bitfinex coincides with the crash of FTX.