EXCAVO
Long

Bitcoin started the next bull cycle

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello, I want to take a closer look at Bitcoin's price weekly logarithmic chart.

Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately 51-60 weeks.

150 bars on Bitcoin's weekly price chart, mark the beginning of a next pulse of the growth cycle that we are currently in. Everything in our life is based on cyclical patterns, especially when it comes to financial markets.

If we analyze the rise and fall, we can conclude that the fall occurs faster than the growth of about three times.

Based on Kondratieff's scientific works on periodic waves theory, that refines up and down movements of the modern world economy, we can predict that Bitcoin is yet to go through another 3-4 annual cycles. As many already know, all theories that have worked effectively in traditional financial markets will be carried out into cryptocurrency markets. But until Bitcoin will cross $6,000 price mark, nothing is set in stone.

In this bear market that lasted 51 weeks, a lower channel was formed, which has been broken by a strong impulse movement and high volumes. But at the top, there is a serious mirror resistance level in the region of $5,800-$6,000. The MA50 and 100 also have to be broken in order to keep the momentum


An ascending triangle figure is also emerging on the Bitcoin price chart, which could potentially signal upward breakout. Since there are a lot of good news about cryptocurrency and, especially Bitcoin , this could be a unique investment opportunity for the next four years.
Trade active
Trade active:
It´s funny, looking like your drawn lines act as support ;-)
Reply
Why I bought bitcoins at 3000? Explanation of current bullrun in this idea below

Reply
Nice bro
Reply
4HR hidden bull DIV completed! Bear Trap triggered below 10k
Reply
After 7800 bullish hidden div spotted perfectly on 1,2d chart 2 weeks ago now its time for classic bearish div on daily confirming rally pause at 12/12500 area in a matter of few days
but at same time this is going to be a healthy correction not a crash like everyone calling and the bullish trend will resume in only one condition which is not breaking 10600/11000 area must stand for reversal by all means. I hope this helps.

Reply
Need to work with the trend, but be prepared for different situations.
+1 Reply
We expect a small correction to $10K maybe $8840. Than $12K is the next stop. Although we had a downgrade on the sentiment the price remained stable and strong. This is the ultimate proof of the bullishness of the current trade on BTC.
Reply
thx again bro. maybe interesting ...

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out