Bitcoin: Market Cycles (Time & Price Analysis + Coppock Curve)
Updated
OK, so I decided to spice up the regular long term monthly Bitcoin market cycle chart with adding the Coppock Curve with orgasmic results.
Here is what ya need to know, or not! It's not financial advice; you need to know whatever you decide you need to know ;)
+ Above 7 MA indicates a bull run is well under way
+ The bull runs and bear markets, so market cycles, seem to be increasing in time
+ The angle of incline during bull runs is decreasing, so less xs to be made
+ Each bull run is about 17% of the last, so the next bull run should be a x15.76
+ MARKET CYCLES DON'T GIVE A FLYING MONKEYS ABOUT NEWS STORIES, FUNDAMENTALS OR YOUR FEELING OF HOPE
...and now for a short piece about the Coppock Curve indicator:
What is the Coppock Curve?
The Coppock Curve is simply a smoothed momentum oscillator. It was originally designed for monthly charts and long-term analysis. It indicates good entry points for long term buys.
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:coppock_curve
As soon as I found out about the nature of this indicator, it sounded very suitable for long term Bitcoin trading and to find out where Bitcoin is now compared with the last bear market in 2015 (because that's as far back as the data will allow). ASSUMING that we have already seen a capitulation candle and ASSUMING we are now building a bottom/accumulating, according to the Coppock Curve indicator we are at approx. the same level as the same stage during the last bear market.
Key Points
+ The CC rose above 0, which indicates a long term buy (the main usage of this indicator) on month 14 of a 35 month bull market (according to RSI ); which is 40% through. This seems like the safest way for a long term entry.
+ The CC flattened on the lowest point in the bear market which also looks like the last period in the accumulation/bottom building zone. This seems like a possible early entry for those that way inclined.
+ So to summarize, this could be the beginning of the bottom building/accumulation zone for Bitcoin , could be.
Any questions, comments or constructive criticism, fire away down below. Cheers.
Here is what ya need to know, or not! It's not financial advice; you need to know whatever you decide you need to know ;)
+ Above 7 MA indicates a bull run is well under way
+ The bull runs and bear markets, so market cycles, seem to be increasing in time
+ The angle of incline during bull runs is decreasing, so less xs to be made
+ Each bull run is about 17% of the last, so the next bull run should be a x15.76
+ MARKET CYCLES DON'T GIVE A FLYING MONKEYS ABOUT NEWS STORIES, FUNDAMENTALS OR YOUR FEELING OF HOPE
...and now for a short piece about the Coppock Curve indicator:
What is the Coppock Curve?
The Coppock Curve is simply a smoothed momentum oscillator. It was originally designed for monthly charts and long-term analysis. It indicates good entry points for long term buys.
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:coppock_curve
As soon as I found out about the nature of this indicator, it sounded very suitable for long term Bitcoin trading and to find out where Bitcoin is now compared with the last bear market in 2015 (because that's as far back as the data will allow). ASSUMING that we have already seen a capitulation candle and ASSUMING we are now building a bottom/accumulating, according to the Coppock Curve indicator we are at approx. the same level as the same stage during the last bear market.
Key Points
+ The CC rose above 0, which indicates a long term buy (the main usage of this indicator) on month 14 of a 35 month bull market (according to RSI ); which is 40% through. This seems like the safest way for a long term entry.
+ The CC flattened on the lowest point in the bear market which also looks like the last period in the accumulation/bottom building zone. This seems like a possible early entry for those that way inclined.
+ So to summarize, this could be the beginning of the bottom building/accumulation zone for Bitcoin , could be.
Any questions, comments or constructive criticism, fire away down below. Cheers.
Note
BTC looks to be right on schedule, it continues to follow the exact same path when looking at the Coppock Curve position and the 7 MA. Note:+ the Coppock Curve is starting to flatten.
+ the position of the 7 MA in regards to price.
Note
Disclaimer
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