Bitcoin’s 1440 Day Cycle
• Cycles are a component of any field of study and are of particular importance in the technical analysis of financial markets.
• It’s important to understand that nothing is exact when dealing with long term cycles, we can indeed provide for a degree of variance – this is perfectly normal and logical.
Bitcoin’s 1440 Day Cycle
Gann was big on cycles. He was big on numbers. Specific numbers were significant to his analysis. Many of his numbers are Biblical, due to Gann’s staunch faith. It is no surprise that he placed considerable emphasis on the numbers 7, 9, 12, and 144 (there are others). So it should be no surprise that, so far, the number 1440 is of extreme importance. Why? Let’s look.
February 6th, 2010 – the first official Bitcoin exchange is launched. Why do I use this date as a starting point and not Bitcon’s white-paper date, genesis block date, or anything else before February 2010? Because in all of Gann’s work, when analyzing market cycles, the stock exchanges and their ‘birthday’ are used.
Fast forward 1440-days (the actual number is 1,396), and we get Bitcoin's first important and significant all-time high around December 5th, 2013 – the Mt. Gox high.
From the Mt. Gox high in 2013, fast forward another 1440 (actually 1467) days to the current all-time high for Bitcoin on December 17th, 2017.
1440-days from December 17th, 2017? November 28th, 2021.
-2021 is a period where a significant number of Gann analysists and astronomical cycle theorists have knowingly or unknowingly come to a reasonably clear consensus: it sucks. Currency capitulation and bank closures are what is forecast for this time period. Depending on the analyst and forecaster, it all has to deal with money, access to cash, interest rate panics and currency panics. We already see these things happen in South America and Africa. This is also the high of a speculation bubble that precedes a major crash and economic panic. The series of events goes like this:
2019 – extremely high stock prices (we’ve already seen this, new all-time highs in 2019).
2020 – Market panic cycle, collapsing prices.
2021 – flat and low market prices, lowest prices in years.
2022 – massive money printing by central banks, enormous speculation, massive recovery rally through 2022, everyone thinks everything is going to be okay.
2023 – people are lulled into believing everything is fine.
2024 – economic panic cycle (2008, 1929, etc.).
So how doe this help us prepare for the future? We analyze the cycles. If we anticipate a continuation of the cycles we have seen before, then Bitcoin is less than a month away from an extremely important even: the last half of the 1440 cycle. Three key phases mark the final 720-days of the 1440-day cycle. First, is a return to a higher value with a markup period of Bitcoin printing higher highs and getting closer to its all-time high. The second is a series of fakeouts lower, a large number of bear-traps and weak handed longs getting liquidated near the all-time high. The third and final phase it the breach of the all-time high and the beginning of the public participation phase – a period where new all-time highs are continually printed between a 30 to 90-day period. A price target utilizing Gann's Square of 9 indicates a high between $97,000 and $123,000 around in November 2021.
• Cycles are a component of any field of study and are of particular importance in the technical analysis of financial markets.
• It’s important to understand that nothing is exact when dealing with long term cycles, we can indeed provide for a degree of variance – this is perfectly normal and logical.
Bitcoin’s 1440 Day Cycle
Gann was big on cycles. He was big on numbers. Specific numbers were significant to his analysis. Many of his numbers are Biblical, due to Gann’s staunch faith. It is no surprise that he placed considerable emphasis on the numbers 7, 9, 12, and 144 (there are others). So it should be no surprise that, so far, the number 1440 is of extreme importance. Why? Let’s look.
February 6th, 2010 – the first official Bitcoin exchange is launched. Why do I use this date as a starting point and not Bitcon’s white-paper date, genesis block date, or anything else before February 2010? Because in all of Gann’s work, when analyzing market cycles, the stock exchanges and their ‘birthday’ are used.
Fast forward 1440-days (the actual number is 1,396), and we get Bitcoin's first important and significant all-time high around December 5th, 2013 – the Mt. Gox high.
From the Mt. Gox high in 2013, fast forward another 1440 (actually 1467) days to the current all-time high for Bitcoin on December 17th, 2017.
1440-days from December 17th, 2017? November 28th, 2021.
-2021 is a period where a significant number of Gann analysists and astronomical cycle theorists have knowingly or unknowingly come to a reasonably clear consensus: it sucks. Currency capitulation and bank closures are what is forecast for this time period. Depending on the analyst and forecaster, it all has to deal with money, access to cash, interest rate panics and currency panics. We already see these things happen in South America and Africa. This is also the high of a speculation bubble that precedes a major crash and economic panic. The series of events goes like this:
2019 – extremely high stock prices (we’ve already seen this, new all-time highs in 2019).
2020 – Market panic cycle, collapsing prices.
2021 – flat and low market prices, lowest prices in years.
2022 – massive money printing by central banks, enormous speculation, massive recovery rally through 2022, everyone thinks everything is going to be okay.
2023 – people are lulled into believing everything is fine.
2024 – economic panic cycle (2008, 1929, etc.).
So how doe this help us prepare for the future? We analyze the cycles. If we anticipate a continuation of the cycles we have seen before, then Bitcoin is less than a month away from an extremely important even: the last half of the 1440 cycle. Three key phases mark the final 720-days of the 1440-day cycle. First, is a return to a higher value with a markup period of Bitcoin printing higher highs and getting closer to its all-time high. The second is a series of fakeouts lower, a large number of bear-traps and weak handed longs getting liquidated near the all-time high. The third and final phase it the breach of the all-time high and the beginning of the public participation phase – a period where new all-time highs are continually printed between a 30 to 90-day period. A price target utilizing Gann's Square of 9 indicates a high between $97,000 and $123,000 around in November 2021.
