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TradingShot
Jan 29, 2019 3:56 PM

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

Bitcoin / U.S. dollarBitstamp

Description

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

TradingShot
@Crypto-Coin-Trader, I hope it turns out to be correct!
bigmak
next top $160000
MRKIM7290
Boon2
@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
TradeIndicators
Really like your analysis, this shows the waves really well. Thanks for the great post!
MRKIM7290
you copied even single number for your reputation.
Boon2
@MRKIM7290, Pretty sad if this is the case. I'm glad TV now has a BOT detection!
Crypto_Mercy
Man man man awesome!!
MateKristof
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