BITCOIN current cycle opinion
I find it hard to wrap around my head when majority are saying $160,000 is the cycle top of this current cycle which also correlated to Bitcoin regression band. On the other hand top analysis said we are entering to a new super cycle which BTC will be above $280,000
My approach on the analysis :
Discarding the indicators such as the basic MACD RSI MA and STOCHASTIC or any other lagging indication. By only using sequential to track and determined actual price and actual momentum what can happen and project what will possibly happen.
On the log scale previous 9th sequential happened BEFORE breaking major resistant to ATH. In this cycle the sequential is completed at the ATH $29,000 BTC. With that being said historically BTC will dipped 62%-70% and follow up with a failed rally. The current dipped was only at 53% and we have a rally now
Analysing the duration between each cycle top, the duration between each bear cycle. IF and IF history is an indication and IF history rhymes then we will have a much larger head room to reach before any 80%-90% dip.
Is this cycle the super cycle? Comment below
*This is sole for educational purposes only not financial advise
My approach on the analysis :
Discarding the indicators such as the basic MACD RSI MA and STOCHASTIC or any other lagging indication. By only using sequential to track and determined actual price and actual momentum what can happen and project what will possibly happen.
On the log scale previous 9th sequential happened BEFORE breaking major resistant to ATH. In this cycle the sequential is completed at the ATH $29,000 BTC. With that being said historically BTC will dipped 62%-70% and follow up with a failed rally. The current dipped was only at 53% and we have a rally now
Analysing the duration between each cycle top, the duration between each bear cycle. IF and IF history is an indication and IF history rhymes then we will have a much larger head room to reach before any 80%-90% dip.
Is this cycle the super cycle? Comment below
*This is sole for educational purposes only not financial advise
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