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Euphoricsoul
Dec 10, 2020 1:41 PM

Bitcoin Cycle Projections Long

Bitcoin / United States DollarCoinbase

Description

Bitcoin loves its cycles. The mathematics at the core of this asset defines these cycles.

Would welcome your feedback.

Comment

Approaching the first Sell target of 28,000 (improperly labeled 21,000), the Weekly RSI is also approaching 90, which was my 2nd leading indicator that a sizeable correction is imminent. We'll find out soon!
Comments
z_hq
nice work--how are you planning to identify the top of this next market cycle?
Euphoricsoul
@z_hq, A combination of trend continuation and the Stock to Flow model, which I believe has us peaking in the 488k range. 320k seemed like a reasonable target based on that projection.
z_hq
@Euphoricsoul, thanks for sharing that makes sense. I recently came across this RHODL Ration which I'm also planning to use. We'll see what happens--good luck! lookintobitcoin.com/charts/rhodl-ratio/
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