TradingShot

BITCOIN Cycle Phases like you've never seen them before!

Long
TradingShot Updated   
CRYPTO:BTCUSD   Bitcoin
On today's post we are basically upgrading our previous analysis (see chart below) with the addition of actual circle shapes on Bitcoin's (BTCUSD) Cycles and pies on their phases:


As you can see this reveals a groundbreaking illustration of the historic Cycles. We don't want to get you in the technical details of the trend, you can find everything by clicking on our previous publication.

But as you can see, on top of the tradition measuring of the Cycle phases (Bear, Accumulation, Bull), we have place Wedges/ Pies that fit into the actual Circles. Those Circles (as well as the pies naturally) are all the same size/ symmetry, which just goes to show you how similar BTC's Cycles are despite the different news and fundamentals that take place during each Cycle.

We use a Double Circle pattern to demonstrate more vividly the Cycles. Most of BTC's price action tends to be within that Zone that is made, even the 2018 - 2021 Cycle, despite the notable divergencies during the Accumulation (Libra euphoria) and Bull (Musk, Tesla adoption) phases, it eventually fell back within the Channel.

The presentation also reveals Bitcoin's current position relative to the previous Cycles (black "We are HERE" arrow). That's near the end of the Accumulation Phase, only a few weeks before the Halving, above the 1W MA50 (blue trend-line) and within the 0.618 - 0.5 Fibonacci Zone. The upside is enormous and since the price is above the Circles Channel as during February 2020, who is to say we won't see another outperformance, especially if positive fundamentals hit the market (ETF approvals already, potential Rate Cuts, more news of adoption every day etc).

But what do you think? Is this Cycle presentation accurate and if so are you expecting a massive rally as we approach the Halving? Feel free to let us know in the comments section below!


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Comment:
Because the shapes are distorted when opening the idea on different screen adjustments, we post here how the chart should look (and looks originally when you see it on our profile page):


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