Bitcoin Market Cycles- JAN 2022 150,000
1. Set FIB levels for each market cycle. Trough is 0% and peak is 100%
2. Following market cycle peaks at 1.414 extension of the previous cycle
Example:
1.414 extension of 2011 bull market predicted 2013 top
1.414 extension of 2013 bull market predicted 2017 top
1.414 extension of 2017 bull market predicts 2022 top?
The FIB extensions are used to gauge WHAT price we could hit, but how about WHEN?
That is where the "BTC Log Rainbow" comes in. The indicator is a logarithmic regression of BTC's price history, and the rainbow lines are Fibonacci multiples of that curve. Interestingly, each market cycle has peaked at the 100% FIB extension of the logarithmic regression. Using that precedent the date for the market peak should be when we intersect the upper white boundary on the indicator.
Combine the 1.414 extension of the 2017 bull market for price and the white boundary for the date, and we find that Bitcoin might hit 150,000 in JAN 2022
To the moon!
2. Following market cycle peaks at 1.414 extension of the previous cycle
Example:
1.414 extension of 2011 bull market predicted 2013 top
1.414 extension of 2013 bull market predicted 2017 top
1.414 extension of 2017 bull market predicts 2022 top?
The FIB extensions are used to gauge WHAT price we could hit, but how about WHEN?
That is where the "BTC Log Rainbow" comes in. The indicator is a logarithmic regression of BTC's price history, and the rainbow lines are Fibonacci multiples of that curve. Interestingly, each market cycle has peaked at the 100% FIB extension of the logarithmic regression. Using that precedent the date for the market peak should be when we intersect the upper white boundary on the indicator.
Combine the 1.414 extension of the 2017 bull market for price and the white boundary for the date, and we find that Bitcoin might hit 150,000 in JAN 2022
To the moon!
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