Repost because Tradingview is hiding my charts for containing Twitter-links.
Update to the normalized graph (relative to the flattening of log support and "slowing down" of time). I still believe that the cycles are lengthening and that the next climax will not be until Q3 2023, with several laddered rallies leading up to it. Basically, we are...
TOTAL2/BTCUSD (TOTAL2 divided by BTC price, so basically total crypto cap without BTC, in BTC): Alt/btc pairs are dumping, accompanied by BTC going up, nothing new per se.
Assuming the trend line holds:
...the 4th touch will signal the top for BTC and a buy signal for shitcoins.
This dump is essentially the same as the 3k pump last year -- empty order books, but in opposite direction. The illiquid shitcoin it has always been.
However, this time its a Black Swan event, which I completely contribute to the corona virus.
Let's see how they compare...
Bull run starts when we approach old ATH, ca mid 2021
The area from here til then is "bump along the support line" period, always long from log support, and shorting is still possible if we get too far up
Cool if it plays out:
2 weeks of bart followed by 2 weeks of chop.
3 weeks of bart followed by 3 weeks of chop.
Waiting patiently for the bottom in low 6ks which should occur just before the year end.
Just putting it here for myself too see if it works out
My target is ca 7200 (could go lower, but I don't want to miss it)
Bedrock support which BTC has enjoyed over the years:
Unfolded log chart (deducted support):