Interesting patterns/fractals MSM. Although I hope the bottom ain't be in June '19 a extension of the bearish and bullish moves is expected for every cycle. The trend-based fib extension compared to the last two cycles would put us into jan/feb for the bottom (0.382) with a accumulation period lasting till October 19. With your approach we might end up with accumulation easily till 2020. Maybe you are right about this. Than again, its just a fractal but a pretty one!
Pietpiraat2016
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Which would mean the Big Capitulation is still to come ? If i follow 2015 i could see a bottom of 1800 - 2200.
@MustStopMurad, I believe that bitcoin is perfectly suitable for a 4 year cycle if what you say is to play out a new bull cycle could start between april and july which would last untill around end of 2021 mid 2022.
What's your opinion in this ? ( I have listened to the podcast with you and pompliano at least 5 times now. It gave me a completely different view on things thanks for that )
@MustStopMurad, got it but the price is deviating from the past is it because we are correcting earlier each time we crash? Your thoughts
MaxHodler
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"Le Bonjour de France !"
Quote from Dec 19, 2018: "The December 15, 2018 could well mark the lowest point of this bear market that has spread throughout the year 2018: in other words, never see BTC below the $ 3,000 mark?
However, we must remain vigilant for some time because we can not exclude the spectrum of the bull trap by dead cat bounce known on the rebound of September 29, 2014 before 3.5 months of additional bear market until the real bottom of January 12, 2015.
But the RSI 14 at the bottom of the September 29, 2014 had grazed the value of 30 without descending lower, contrary to January 13, 2015 and ... December 10, 2018! "
And today, except this fractal on a small window, we have (neither you nor me) no more technical indicator in the direction of this October-November 2014 Fractal.
While I have more than 10 strong technical indicators that all converge towards a situation similar to that of January 2015...
"Une Belle Journée à Tous !"
MaxHodler
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I realize that your first publications were totally in sync with mine before your last 2 or 3 publications...
What happens to you? is it the decline in volumes in December and January that worries you?
At this point it's a normal phenomenon in an isosceles triangle that you have like me traced:
Of course, the volumes will have to go up without too much delay.
Note that January 2015 was also a - larger - isosceles triangle (see my idea), which resulted in a bull trap followed closely by a bear trap with the bullrun key of 2016-2017, but never lower than that of 01-12-2015!