After going through hundreds of hours of Bitcoins history and past cycles I now believe that the most important cycle to look at is the 2019/2020 period. Call this period whatever you want but the fact is we are repeating the pattern so closely one can not ignore it.
Going over the 2013 and 2017 cycle would have given you some insight into movement but nowhere near the accuracy as the 2019/2020 run.
So how does this cycle compare to the rest? well it might not look the same but all the past cycles are connected to this one in some way. Below you can see a pattern on the monthly chart from 2013 as you can see it played out nearly the same until November 2021.
Also we have something similar from the 2017 bullrun , below you can see a bar pattern from January 2017 if you overlay that from day to day starting January 2021 you can see we repeated similar movement during the bullrun , even the Mid cycle bottom happened nearly at the same time.
So we have a monthly Marco Fib log pattern from 2013 that played out , we had a daily candle pattern from 2017 and now we have the same Money flow index pattern playing out from 2019/2020. So when someone saids this is not like other cycles I would have to disagree with that and say this cycle is all past cycles combined together, there is no simple answer to that question as I have shown you here we have gotten something from each cycle so now the question is what's next?
It is undeniable that this Money flow Pattern on the weekly is a mirror fractal from the 2019/2020 period , you can call that period a bear market or an accumulation phase but the fact is if this pattern plays out we will continue the bull run. The green and red numbers indicate fear and green numbers check it out here :
www.lookintobitcoin....ear-and-greed-index/
As you can see we at the same fear range as the marked yellow circle and also its important to note the “43” marked in yellow that fear number is when we triggered max momentum.
Shortly after the covid crash there was a pullback in price that caused this pattern on the MFI(Yellow circle ) it was exactly 13.46% pullback that created this “W'' pattern ,you can’t see it in Heikin Candles but if you zoom in on japanese candlesticks it's there. So at this moment in the exact same time as the fractal in 2020 we have had 14.23% pullback with this weekly candle (closes tonight) . It's very interesting that we have had pretty much the same pullback percentage as 2020 so if this pattern does indeed play out the MFI should mark a flat reading to start forming a “W” pattern , we will find out in 24hours and post an update below.
Lastly it took about the same time for that entire fractal to play out 350days and a possible timeframe when we could breakout of this triangle pattern on the MFI would be Mid February 2022
Going over the 2013 and 2017 cycle would have given you some insight into movement but nowhere near the accuracy as the 2019/2020 run.
So how does this cycle compare to the rest? well it might not look the same but all the past cycles are connected to this one in some way. Below you can see a pattern on the monthly chart from 2013 as you can see it played out nearly the same until November 2021.
Also we have something similar from the 2017 bullrun , below you can see a bar pattern from January 2017 if you overlay that from day to day starting January 2021 you can see we repeated similar movement during the bullrun , even the Mid cycle bottom happened nearly at the same time.
So we have a monthly Marco Fib log pattern from 2013 that played out , we had a daily candle pattern from 2017 and now we have the same Money flow index pattern playing out from 2019/2020. So when someone saids this is not like other cycles I would have to disagree with that and say this cycle is all past cycles combined together, there is no simple answer to that question as I have shown you here we have gotten something from each cycle so now the question is what's next?
It is undeniable that this Money flow Pattern on the weekly is a mirror fractal from the 2019/2020 period , you can call that period a bear market or an accumulation phase but the fact is if this pattern plays out we will continue the bull run. The green and red numbers indicate fear and green numbers check it out here :
www.lookintobitcoin....ear-and-greed-index/
As you can see we at the same fear range as the marked yellow circle and also its important to note the “43” marked in yellow that fear number is when we triggered max momentum.
Shortly after the covid crash there was a pullback in price that caused this pattern on the MFI(Yellow circle ) it was exactly 13.46% pullback that created this “W'' pattern ,you can’t see it in Heikin Candles but if you zoom in on japanese candlesticks it's there. So at this moment in the exact same time as the fractal in 2020 we have had 14.23% pullback with this weekly candle (closes tonight) . It's very interesting that we have had pretty much the same pullback percentage as 2020 so if this pattern does indeed play out the MFI should mark a flat reading to start forming a “W” pattern , we will find out in 24hours and post an update below.
Lastly it took about the same time for that entire fractal to play out 350days and a possible timeframe when we could breakout of this triangle pattern on the MFI would be Mid February 2022
Comment:
Not the best weekly reading lets see how the next is