This idea is based on the presumption that Bitcoin is currently in a repeating 2 peak cycle, with a 1 peak cycle following it. In 2013, we had the first example of this, followed by 2017.
Now, we may have the same pattern happening.
However, I have noticed the time factor has started taking around 1.68x longer.
You can look at the on chain metrics like Puell Multiple, or HODL Waves, and notice the pattern is stretching out as time goes on.
It seems to be pretty accurate around 1.68x.
So with that in mind, I believe instead of the 7 month stretch we saw in 2013, we will see a 11-12 month stretch before peak 2 in 2021. 7 months x 1.68 = 11.76.
This is already visible in the red candles.
We had 6 green monthly candles up to peak 1, just like peak 1 in 2013. But instead of 2 monthly red candles.. We had 3. 2 x 1.68.. is 3
We are currently on green candle 2, so I would assume another one, if we follow a similar pattern.
Long story short, this ends the 4 year cycle respectively, which started out as a 1 year cycle I believe, and wsa able to hide itself in 4 year multiples for long enough. IF I am right, BTC wont peak until February to early March.
Just a thought.
Now, we may have the same pattern happening.
However, I have noticed the time factor has started taking around 1.68x longer.
You can look at the on chain metrics like Puell Multiple, or HODL Waves, and notice the pattern is stretching out as time goes on.
It seems to be pretty accurate around 1.68x.
So with that in mind, I believe instead of the 7 month stretch we saw in 2013, we will see a 11-12 month stretch before peak 2 in 2021. 7 months x 1.68 = 11.76.
This is already visible in the red candles.
We had 6 green monthly candles up to peak 1, just like peak 1 in 2013. But instead of 2 monthly red candles.. We had 3. 2 x 1.68.. is 3
We are currently on green candle 2, so I would assume another one, if we follow a similar pattern.
Long story short, this ends the 4 year cycle respectively, which started out as a 1 year cycle I believe, and wsa able to hide itself in 4 year multiples for long enough. IF I am right, BTC wont peak until February to early March.
Just a thought.
