The last 2 cycles had ATH's in the first week of December; however, the way they got there was very different from each other. According to the halvings that followed each cycle, we reached ATL 546 days and 518 days in the last 2 cycles, and each cycle took 364 and 413 days to reach that ATL from the blowofftop ATH's. That would put our projection for an ATH of BTC around Oct/November. That means we're 5 to 6 months out from our ATH... Hey, would you look at that, 5 to 6 months out from the ATH's of the last 2 cycles were massive dips. Wonder what this could mean for us this cycle? Hmmmmmmmmmmmmmmmmmmmmmmmmmmmm
@ThePlotThickens, idk if this is sarcastic but I think it should be cuz I'm lazy.
ThePlotThickens
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@everheartproductions, no no, i like. i like verrrrry much
vishweshwaran26
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It has hit 32k now. Any updates regarding this chart?
Ungovernable
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@vishweshwaran26, I'll try a more thorough one soon, but my take on it is that we head up a little bit at least short-term (1-3 days pls DYOR [?]). A more broad approach to go by right now is by looking at these past weekly candles on the chart and comparing them to what we're seeing now. I think daily/weekly closes in relation to moving averages will play a big role in trajectory.
vishweshwaran26
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@everheartproductions, Okay. Thanks a lot for this chart. Please consider the factor of S&P500 also, my humble opinion. If it goes below $3800, I wonder what would happen to crypto.
Cos14b
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great analysis, totally agree with the possibility to visit sub 40k, but I'm also hoping 41500 holds!!!
Iceberg63
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I like how much more professional you articulate yourself without having to exaggerate.
Others on the other hand were posting like "BTC is Dead!" "It's over!" "It's going to be 0" "0$ Here we come!"
And then telling people that they are just butt-hurted/salty/sensitive, while they're the ones who look like they were butt-hurted/salty/sensitive from having lost their cash.
postivevibesonly
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@everheartproductions Thank you! Would like to know your thoughts on Sia Coin please. Looks like there's about to be an impulse move up?