Bitcoin Liquid IndexUpdated BTC : longterm projection
Hi,
I had already experimented with fitting some curves to long term data, they just seem to fit better than the usual straight lines, especially when considering older data :-
However, I had never attempted an extrapolation, until I saw Flavius' idea on Mega cycles :-
So, I have attempted to continue his idea, combine with my curved long term channel and see where we could possible be at the next peak. Essentially, this idea gives us a low of around 3k and a next high of 100k early 2022. Plenty of time to configure the Lambo.
FYI - the vertical blue lines are the halvings.
I had already experimented with fitting some curves to long term data, they just seem to fit better than the usual straight lines, especially when considering older data :-
However, I had never attempted an extrapolation, until I saw Flavius' idea on Mega cycles :-
So, I have attempted to continue his idea, combine with my curved long term channel and see where we could possible be at the next peak. Essentially, this idea gives us a low of around 3k and a next high of 100k early 2022. Plenty of time to configure the Lambo.
FYI - the vertical blue lines are the halvings.
Note
Patience. Patience. Not buying yet. This could take another month or even 6 months.. 12 months.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.