Bitcoin super cycle indicator
The bitcoin super cycle indicator has predicted every major top and bottom since april 2013. If june 2022 was the bottom of this cycle, it got it right this time as well. Nonetheless, it is a valuable indicator in our tool kit when spotting the next cycle top. When the (116 ma) cross up on the (1 year ma x2), the cycle top flashes. When the (137 day ma) cross down on (2 year ma), the cycle bottom flashes. So technically this is not an idea, nor an analysis. Just an indicator I'm keeping under close watch.
Bitcoinsupercycle
BTC USD weekly Bitcoin Super Cycle just read "CYCLE BOTTOM" BTC WEEKLY CHART: BTC SUPER CYCLE CHART
how many times do i have to show this chart
setup? if we only looked at the Chart and shut
off crypto-TWATTER and maintstream fud,
we would all agree, this chart looks bullish. The
DeMark 9 indictor is charting we have hit or
near the bottom if no ridiculous FED news comes
ruining what we have going. We have hidden
Bullish Divergence as well which is bullish.
BTC SUPER BULL CYCLE read CYCLE BOTTOM as well the death
cross touches. Every time RSI hit this oversold
level, it trended upward. If FUD comes out, the
yellow resistant lines are listed. zoom in on the chart notes.
McAfee was right about BTC $1 mil, but 1 year ahead. $16k AprilThis TA is based on a lot of trendlines by monthly and weekly, also by past cycles. This bullish summer indicates a strong demand for Bitcoin and which could be the reason we see a super cycle. I mean, the fundamentals are much better and the overall recognition is much bigger now. On top of that we have countries as Venezuela and Argentina fueling the fire for a way out. Hong Kong as well.
Ethereum and XRP wont take as much dominance as last time. We do have twice the amount coins though. Will those eat of the BTC dominance pie, or just share the small piece with everyone else..?
I know it is a TA with a lot of trendlines. I know them all. For me, I believe they put paint on a picture.
We are exactly at the same place as we were back in December 2015. So from here to $16k I see 4 out of 5 green monthly candles to April.
I am a beginner at this, but long term there is more room for being more accurate than short term. This is a updated version of my first TA.
Bitcoin bull run tops and October to December sideways movementThis TA is based on the linjear bottom lines with the convex parabolic long term, and the concave parabolic bear and bull cycles. Halvings seem to move closer and closer to the center of the parabola, which also seem to make the ATH's in the middle of two halvings, and cycle bottoms closer to the halving. If we look at the halving as a signal hitting a parabola, it will signal straight back when halving hits the center and the long term convex parabola is flattened out. Making Bitcoin stable and not volatile anymore.
The top before 2020 halving is based on the previous top where the angle from ATH have been 3 degrees. This is taken from @rektcapital on Twitter.
A new ATH might not happen untill quarter four 2020. 2021 on the other hand will be the year we go on a new adventure for price discoveries. Somehow I think $550.000 can be conservative even. A lot can happen in two years. Like @Danheld on Twitter believes -this can be a supercycle. These early January tops might happen in 2022 as well, but I have a feeling this one will go longer than those other December runs.
This is my first chart I have ever done. I did this chart the 21 October, but have now updated trendline colors. The first one was a little bit messy.
As we can see, the sideway movement that will range in between 7400 and 8800 have been accurate. One week ago, I had an alternative for a movement down to $6500. The more time goes, less likely that alternative is. I think we will go below 8000 one or two more times before we start to steadily move up to $16.000 or $18.000.
I am a beginner at this. Just trying to see the big picture with historical data and some logical thinking. (: