Bitcoin 2013 Cycle Lessons Learned for Projecting 2021 Target
Possible Indicators / Patterns / Observations
1. It took BTC 7 month longer to reach its predicted March 2013 stock-to-flow target. It stayed also fairly close to that initial trajectory and then had a parabolic run up.
2. there was only one down trend and then a long (4 month) rather side ways movement
3. dropping below upper Bollinger band is a clear signal for downward trend shift
Let me know if you would like more explanations. I tried to put the core of it into the chart.
Basically the idea is what can we learn from the 2013 cycle as it is our only more reliable data point to look at.
How did it behave towards the expectations towards reaching its stock-to-flow target and was it in the same time frame?
Could we predict the parabolic curve Bitcoin will take in 2021 based on 2013?
What indicators can we use to know when there are buy-in / sell signals?
Please see also link to related idea for some more background.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
1. It took BTC 7 month longer to reach its predicted March 2013 stock-to-flow target. It stayed also fairly close to that initial trajectory and then had a parabolic run up.
2. there was only one down trend and then a long (4 month) rather side ways movement
3. dropping below upper Bollinger band is a clear signal for downward trend shift
Let me know if you would like more explanations. I tried to put the core of it into the chart.
Basically the idea is what can we learn from the 2013 cycle as it is our only more reliable data point to look at.
How did it behave towards the expectations towards reaching its stock-to-flow target and was it in the same time frame?
Could we predict the parabolic curve Bitcoin will take in 2021 based on 2013?
What indicators can we use to know when there are buy-in / sell signals?
Please see also link to related idea for some more background.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
