White Line = 365 SMA
Green Line = 600 SMA
Asset = Bitcoin
Patterns observable in this chart:
1. When the Bitcoin Halving occurs, the 365 SMA is already above the 600.
2. The Golden Cross of 365 and 600 occurs earlier than previous cycle.
- In the 2nd Halving, 80+ bars
- In the 3rd Halving, 160+ bars
- In the 4th Halving, "probably" 200+ bars
3. That the...
I have realized that the Bitcoin cycle bottoms are characterized by the following:
- Weekly timeframe: Reverse PMAR & PMARP: Oversold or near oversold levels.
- Weekly timeframe: Hash Ribbons: Bottom is near a Capitulation signal.
- Bottom is historically 50 to 60 weeks after the Cycle Top.
- Bottom is historically 70 to 80 weeks before the Halving.
I think the...