TradingShot

Bitcoin's journey to the new peak will be longer this time

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This chart incorporates the Bitcoin's market cycles inside the parabolic shape factoring in the halving effect.

The halving has so far occurred after the bottom of each market cycle was made so based on that (next halving May 2020) the new bottom should take place inside this February - April.

What is even more important than that is the lengthening of each cycle, which seems to trade on an arithmetic progression. Approximately 583 days are added to the length of each subsequent cycle. Needless to say this affect the duration of the bear cycles as well, which also progress on an arithmetic mean (252 days).

This shows that this time the market cycle will take long to reach a peak that should be in by August 2023.
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Comments

Don´t want to wait 2 years longer. 2021 it will be ... i hope so... :-)

+5 Reply
TradingShot Crypto-Coin-Trader
@Crypto-Coin-Trader, I hope it turns out to be correct!
+1 Reply
next top $160000
+3 Reply
Boon2 MRKIM7290
@MRKIM7290, Hmmmmmm thank's for the head's up, I think there's more going on here than just that as well. 111 followers with over 5k views in 14hr's
Reply
Really like your analysis, this shows the waves really well. Thanks for the great post!
+2 Reply
you copied even single number for your reputation.
+1 Reply
Boon2 MRKIM7290
@MRKIM7290, Pretty sad if this is the case. I'm glad TV now has a BOT detection!
Reply
Man man man awesome!!
Reply
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