According to this data, if we measure the amount of time from the swing highs to the swing lows of each major trend, these cycles may be able to tell us when to expect the next breakout of the All Time High for Bitcoin
Bitcoin chart on 1MONTH timeframe suggests a new bull rally could be starting according to Stoch RSI and RSI.
Lots of similarities creating a fractal pattern on the Bitcoin chart.
Every 360 day cycle marked a trend change. BTC may have bottomed at the most recent cycle low.
Hopefully the charts explain the idea. The previous bull run found support on the log scale .5 fib retracement. Now we are approaching the log scale .5 fib level of the bottom retracement. IMO this is a make it or break it level and may determine the trend in which BTC follows for the remainder of the year. Bullish idea is a large ascending triangle being built,...
1Week Bitcoin chart has a possible bullish cypher harmonic structure.
BTC could make a very important trend decision at the end of this cycle.
DXY with trend based time fibs applied. The end of this trend lands on the 2nd week of February. Please note my post about DXY from the 90's for reference.
DXY with cycles applied to the major swings. Some dates to watch for important changes in the trend.
Trend based time fibs applied to the DXY from the 1990s.
Very simple idea here. I pulled a trend based time fib starting at the 2015 low. Each vertical fib marked a trend line break to date. Looking for 5/5 at the 1.618.
This is the data ive collected from the log scale chart for BTC. This idea is based on the low confirmation only. If we get a lower low then this is subject to change. Stay tuned!
BTC is currently at a 1.618 fib intersection. Im watching for an important move in this area.
DXY currently testing .786 fib resistance. Watching for a rejection here to validate a possible bearish butterfly harmonic.
Each colored section per chart is the same amount of bars/days. These are 4 trends on Bitcoin that are all coming to an end of a 3 phase cycle in the same window of time. Extremely rare occurrence. Expect a major change in trend when these cycles complete.
Heres how and where I drew this fib spiral using the 2013 high. Enjoy!
Currently testing Anchored VWAP support starting from top of 2017 market cycle.
Current trend compared to last bull cycle using time based fibs and trend based fib extensions