lowstrife
Long

The 2011 Megabubble for Bitcoin was part of a larger cycle.

BITSTAMP:BTCUSD   Bitcoin / Dollar
So with some charts I made a few days ago, I had a realization that the Megabubble in 2011 we saw was actually part of a longer cycle that is A) identical to every bubble that came after and B) difficult to see because of it's scale. As far as I have seen, nobody else has ever charted the Megabubble and the subsequent "mini-bubbles" that occurred after in this same manner. Typically they say t he $15 bubble in 2012 was a similar bubble to the two that followed it except that it was a failed launch. In reality, it was part of a larger cycle in the recovery from 2011.

I hope this chart explains things and my theory that we only have had 3 bubbles and are finishing our current cycle now and are not significantly deviated from the cycle period. I'd love to hear your thoughts that these cycles are identical and that it's just the scales are different.

As always with my charts, every single item is color coordinated and every thing that I do put onto each chart is replicated across all 3 timeframes.
ChartArt
2 years ago
Actually we are still in the same cycle and haven't even left it once, when you use a 3-year moving average.
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JesseGreen PRO ChartArt
2 years ago
Link to chart?
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ChartArt JesseGreen
2 years ago
We are still way above the 2-year average price:

snapshot



And we are even again above the 1-year average price:

snapshot
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UrbiGT
2 years ago
:D
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flibbr
2 years ago
good post, from r/bitcoinmarkets
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Asterix
2 years ago
Lowstrife, looks very interesting. Can you please post these charts separately so that also non-PRO users could see them?
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lowstrife MOD Asterix
2 years ago
Just viewing the idea on this page you can see all of it, but "making it mine" is only for pro users? Makes sense.

Ungh, such work. You want the individual chart to see each period in more detail? I almost think I have to re-create it for each one
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Universe
2 years ago
I missed this one when you first posted but have seen some of the others that follows over the last week or so. This is great work and quite an interesting. =)
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