The time frames between lows and high in the preceding boom-bust cycles are shortening. The price increase on each cycle is aproximatly 220%.
This indicates that the price gain is slowly moving at an increasing rate, and can lead to a parabolic price increase.
If BTC again gains another 220% from the previous low (16 Sept) in a time frame that is shorter than the previous bull run (48days) then this indicates that this price shape may be forming.
It does not mean that we are in a bubble, or that it is about to burst. Just that the current price movements are an indication of shortening boom-burst cycles.
This indicates that the price gain is slowly moving at an increasing rate, and can lead to a parabolic price increase.
If BTC again gains another 220% from the previous low (16 Sept) in a time frame that is shorter than the previous bull run (48days) then this indicates that this price shape may be forming.
It does not mean that we are in a bubble, or that it is about to burst. Just that the current price movements are an indication of shortening boom-burst cycles.