IAmTheLaser

IAmTheLaser

Study of BTC/USD Market Cycles using BraveNewCoin Liquid Index Weekly candles used so exact days are approximated by chart. Using logarithmic scale 3 major Bitcoin market cycles can be analyzed. Bull markets defined by periods of significant upward price action, bear markets defined by significant retracement of price. Market Cycle 1 Bull Market 1: Aug 30 2010...

IAmTheLaser

Study of BTC/USD using BraveNewCoin Liquid Index for Bitcoin Weekly candles used so exact days are approximated by chart. Using logarithmic scale 3 major Bitcoin market cycles can be analyzed. Bull markets defined by periods of significant upward price action, bear markets defined by significant retracement of price. Market Cycle 1 Bull Market 1: Aug 30 2010 -...

IAmTheLaser

Bull market signified by higher lows and higher highs Bear market signified by lower lows and lower highs 1st bull market Nov 2011 thru Nov 2013 (739 days) 1st bear market Nov 2013 thru Jan 2015 (405 days) Ratio of length of Bear to Bull market = .54 1st bear market reversal at 883 Fibonacci retracement of price 2nd bull market Jan 2015 thru Dec 2017 (1063...

IAmTheLaser

Bull market signified by higher lows and higher highs Bear market signified by lower lows and lower highs 1st bull market Nov 2011 thru Nov 2013 (739 days) 1st bear market Nov 2013 thru Jan 2015 (405 days) Ratio of length of Bear to Bull market = .54 1st bear market reversal at 883 Fibonacci retracement of price 2nd bull market Jan 2015 thru Dec 2017 (1063...