Comparing the two run up Bitcoin had during 2021, we notice a lots of similarities.
Most of us anticipated a blow off top and it didn't really happen.
We see lots of similarities between November 16th, 2020 - June 22nd, 2021 and June 22nd, 2021 - January 6th, 2022.
If history of 2021 is any indication of what may happen, we may see Bitcoin trend sideways until the end of the month the begins its way back upwards during early February.
One thing that does differ is that the first runup was ≈218 days and the second run up was ≈198 days, which have a difference of about 10%.
Since history does tend to rhyme I would suspect that if it were to repeat itself again that it would do so faster than before. (This would be required if bitcoin would see a blow off top)
Some fun speculation if Bitcoin were to repeat itself again at 10% faster again, the next All Time High before a correction would be on ≈May 9th, 2022, and the low would be on June 2nd, 2022.
Using this information would put the next All Time High at 71.5k followed by a correction to 51k.
Also, comparing the bar patterns in the blue and orange to prior Bitcoin price actually has a lot of TA that would agree with it potentially happening.
This is all pure fun speculation, expect the unexpected.
Hi. Thanks for the analysis. It is interesting to see the lower Oscillator on the monthly chart. Look at the big picture. Please share the indicator, tell me the exact name, I'm looking in TV by name - the indicator is not found. The goal is to find the bottom on Bitcoin
TanHef
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@MrFaramir, Check out 'Volume-Supported Linear Regression Trend' by LonesomeTheBlue. The indicator on this post is slightly modified but it will show the same oscillators if you change the periods to 20 and 100.