I arrived to a conclusion of 13k BTC based on interest rate changes back at the top - didn't short BTC because I didn't believe it was possible. Well here we are at a low of 17.5k so egg on my face. Here I show the 3x 4year cycles which are very well mapped on the MFI. Red, green, yellow (current).
Based on this the yellow cycle still has yet to put its foot on the top of the previous green cycle. See the orange circles on the MFI. This means that BTCUSD MFI on the monthly needs to hit that prior top-solid-green bar to have reached a bottom based on the cycles. It will hit soon enough because the next cycle begins at the top-yellow-solid bar which is about 2024.
Now get this - those bars are all PARALLEL. Perfectly. I simply drew the first one (from the first high MFI in 2012 to the next high MFI 2012) and that line, perfectly copies to EVERY NEXT HIGH and low (top and bottom of the MFI trend).
How quirky is that? HUH? Think about it.
$15k BTCUSD that's my call. I'm already starting to leverage into this bottom.
EDIT - The latest downtrend is also in a bear flattener (Bond terminology). Only the last month has been a slight bull steepener (not a lot of runway as long as short-end rates stay higher or rising).
EDIT - the $15K comes from the Fibonacci sequence. BTCUSD has previously dipped under that .786 level every time before. So chances are it should do it at least once more. Maybe after some terrible inflation prints? Who knows.
Again I'm already building a long position through RIOT (my preferred miner). I'm not a Crytpo purist.
Based on this the yellow cycle still has yet to put its foot on the top of the previous green cycle. See the orange circles on the MFI. This means that BTCUSD MFI on the monthly needs to hit that prior top-solid-green bar to have reached a bottom based on the cycles. It will hit soon enough because the next cycle begins at the top-yellow-solid bar which is about 2024.
Now get this - those bars are all PARALLEL. Perfectly. I simply drew the first one (from the first high MFI in 2012 to the next high MFI 2012) and that line, perfectly copies to EVERY NEXT HIGH and low (top and bottom of the MFI trend).
How quirky is that? HUH? Think about it.
$15k BTCUSD that's my call. I'm already starting to leverage into this bottom.
EDIT - The latest downtrend is also in a bear flattener (Bond terminology). Only the last month has been a slight bull steepener (not a lot of runway as long as short-end rates stay higher or rising).
EDIT - the $15K comes from the Fibonacci sequence. BTCUSD has previously dipped under that .786 level every time before. So chances are it should do it at least once more. Maybe after some terrible inflation prints? Who knows.
Again I'm already building a long position through RIOT (my preferred miner). I'm not a Crytpo purist.