This is just taking the last cycle and superimposing it on what we currently have seen for BTC . It lines up pretty good, minus the magnitude of the big spikes which weren't duplicated due to the increase in market volume/liquidity from the original pattern (less chance of flash crashes) and indicates that we may be in for a little bull run up to the 6k+ area before heading down again over several yearsto the ultimate bottom of around $1500 BTC . After which, the real bull run will begin in 2023 when BTC finds a legitimate use case and the hype for it begins again.
This is definitely a shot in the dark, but the trendline matched up so well when I was making it I figured I'd share it as a possibility. I do fully believe we have a ways to go sideways though before BTC becomes bullish again. Each of its cycles gets longer and longer in terms of corrections it seems.
This is definitely a shot in the dark, but the trendline matched up so well when I was making it I figured I'd share it as a possibility. I do fully believe we have a ways to go sideways though before BTC becomes bullish again. Each of its cycles gets longer and longer in terms of corrections it seems.
Update for this - I now fully believe this will be pretty accurate. I think that the low will likely be nearer to $1200, which was the peak of the previous bull run, a major support and a major fib for BTC. It sou nds crazy that BTC will go that low now, but something will happen and somehow it will.
Take what you will from this, I hope somebody made some money off of it at least, haha.
We are nearing the top, I can say having learned much more about trading now, and that this run is not the bull run and is almost done. Check out my recent STRUSDT idea - I pretty much came up with the same rough outcome for it as this chart (after completely forgetting I made this) and I don't expect those two coins to really do anything different overall. There is a bit of a time discrepancy between the estimated bullrun starts of about 5 months on the charts - timing is definitely my weakness and so I can't really say for certain which is more reasonable, but they both will rise in tandem so both are likely off by some amount, but 2022/2023 will be a BIG year for crypto.
I'll make another BTC one and try to nail down a more accurate time though.