The Rainbow guidelines go all the way back to 2013. Since then the Channels seem pretty straight to me.
I did a best fit of 2017 and 2013 to see what tops could look like, and the range between them. I noticed that the peaks may be moving towards the middle between halving's. This is different them lengthening cycles, more like averaging cycles. Bitcoin could have sideways action under ATH until Jan 1 2022 before ripping everyone's faces off.
I tried to line up 3 important points:
1. the Halving
2. the mid cycle spring.
3. the average curve of the first rounded peak
My goal is to see two things. Firstly, where does the 2013 land if stretched out. Second, how high could we go? the middle of may would put us at the same ratio of 2017 to 2022 as 2017 had additional to 2013. So that date came by two separate methods. aligning my 3 points AND measuring ratios of lengthened peaks. Once we are in the smaller green box I will start scaling out. I hope this helps someone, God bless.
Ruby Peak - Blowoff
Orange - Last pump
Yellow - Overheated
Light green - 2nd hump
Green - Bull hump
Teal - Bear Market Capitulation
Light blue - 1.68 mid cycle dip support and accumulation resistance
Magenta - Accumulation
Red - Black Swan bottom
I did a best fit of 2017 and 2013 to see what tops could look like, and the range between them. I noticed that the peaks may be moving towards the middle between halving's. This is different them lengthening cycles, more like averaging cycles. Bitcoin could have sideways action under ATH until Jan 1 2022 before ripping everyone's faces off.
I tried to line up 3 important points:
1. the Halving
2. the mid cycle spring.
3. the average curve of the first rounded peak
My goal is to see two things. Firstly, where does the 2013 land if stretched out. Second, how high could we go? the middle of may would put us at the same ratio of 2017 to 2022 as 2017 had additional to 2013. So that date came by two separate methods. aligning my 3 points AND measuring ratios of lengthened peaks. Once we are in the smaller green box I will start scaling out. I hope this helps someone, God bless.
Ruby Peak - Blowoff
Orange - Last pump
Yellow - Overheated
Light green - 2nd hump
Green - Bull hump
Teal - Bear Market Capitulation
Light blue - 1.68 mid cycle dip support and accumulation resistance
Magenta - Accumulation
Red - Black Swan bottom