NEW BITCOIN INVESTORS SHOULD READ THIS! Bitcoin trends in cycles. Bull Market (peaked price) -> Bear Market -> Accumulation 🔄 We have yet to come close to the logarithmic channel resistance. Bitcoin is likely to test this resistance level at around $200,000 possibly some time in September - November. (unless for some reason the cycle is disrupted). A Massive...
I ran a comparison between last cycle and this one, and if the proportions hold up from the breaking of the ATH, this is what our course could look like. I also ran a comparison using the old July 2015 peak to January 2017 peak and if that played out it would put us even higher. I'm also not sure if we should count that first leg up coming to the top of the...
Comparing bitcoin cycles. Looking very similar for now. Not there yet, but It seems that we are pretty close to end this one. Watching - NVT - RSI - CMF - CCI Next halving aprox. - MAY 2020
The current candle sequence since February 6th is the longest in this bear market. Since the All Time Highs Bitcoin's strongest bullish sequence (Higher Lows) was 40 days in April/ May. The current sequence is 45 days and counting. This is also evident on key technical indicators: RSI: Current bullish streak above 40.000 = 45 days (longest since ATH). CCI:...