2013 Repeating?
Updated
Here’s what this chart looked like for me when I published it:
One possible scenario. Would that mean a cryptowinter after February, including altcoins? What about Ethereum 2.0 and various Cardano upgrades?
Ethereum’s proof-of-stake MERGE is scheduled for ~Feb 2022, with proof-of-work “heat death bomb” set to go off June 2022:
finance.yahoo.com/news/ethereum-difficulty-bomb-timing-hints-113000901.html
Buy the expectations, sell the actual event for ETH’s proof-of-stake merge?
Note the scalability upgrade for ETH 2.0 will be in late 2022.
Cardanao Basho scaling is due around that time also:
reddit.com/r/cardano/comments/n0x6za/is_there_an_estimate_date_of_basho_era_in_cardano/
Ideally for this scenario, the Bitcoin price needs to come down a bit into November to $37 – 47k so that the projected 111 DMA will not trigger the Pi Cycle Top prematurely by crossing back up over the projected ~130k 350 DMA (×2) until the price is north of ~220k. If instead breakout now without correction then Pi Cycle Top by Feb 22 would be for a Bitcoin price less than 200k.
I will follow-up with some alternative scenarios and warnings.
Note this chart is using my new Regression scripted indicator (forked from tradingview.com/u/rumpypumpydumpy/ which is very advanced compared to all the others currently available on TradingView. I will be publishing this script as free, open sourced probably over this weekend after some more testing.
One possible scenario. Would that mean a cryptowinter after February, including altcoins? What about Ethereum 2.0 and various Cardano upgrades?
Ethereum’s proof-of-stake MERGE is scheduled for ~Feb 2022, with proof-of-work “heat death bomb” set to go off June 2022:
finance.yahoo.com/news/ethereum-difficulty-bomb-timing-hints-113000901.html
Buy the expectations, sell the actual event for ETH’s proof-of-stake merge?
Note the scalability upgrade for ETH 2.0 will be in late 2022.
Cardanao Basho scaling is due around that time also:
reddit.com/r/cardano/comments/n0x6za/is_there_an_estimate_date_of_basho_era_in_cardano/
Ideally for this scenario, the Bitcoin price needs to come down a bit into November to $37 – 47k so that the projected 111 DMA will not trigger the Pi Cycle Top prematurely by crossing back up over the projected ~130k 350 DMA (×2) until the price is north of ~220k. If instead breakout now without correction then Pi Cycle Top by Feb 22 would be for a Bitcoin price less than 200k.
I will follow-up with some alternative scenarios and warnings.
Note this chart is using my new Regression scripted indicator (forked from tradingview.com/u/rumpypumpydumpy/ which is very advanced compared to all the others currently available on TradingView. I will be publishing this script as free, open sourced probably over this weekend after some more testing.
Note
Note I have another very dismal interpretation of this chart. I will post that in a new idea sometime this weekend.This idea is not my only idea of what might be going on.
There is something very strange that I posit might be happening with Bitcoin and the entire crypto sector.
Disclaimer
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