Study of BTC/USD Market Cycles using BraveNewCoin Liquid Index
Weekly candles used so exact days are approximated by chart.
Using logarithmic scale 3 major Bitcoin market cycles can be analyzed.
Bull markets defined by periods of significant upward price action, bear markets defined by significant retracement of price.
Market Cycle 1
Bull Market 1: Aug 30 2010...
Study of BTC/USD using BraveNewCoin Liquid Index for Bitcoin
Weekly candles used so exact days are approximated by chart.
Using logarithmic scale 3 major Bitcoin market cycles can be analyzed.
Bull markets defined by periods of significant upward price action, bear markets defined by significant retracement of price.
Market Cycle 1
Bull Market 1: Aug 30 2010 -...
Bull market signified by higher lows and higher highs
Bear market signified by lower lows and lower highs
1st bull market Nov 2011 thru Nov 2013 (739 days)
1st bear market Nov 2013 thru Jan 2015 (405 days)
Ratio of length of Bear to Bull market = .54
1st bear market reversal at 883 Fibonacci retracement of price
2nd bull market Jan 2015 thru Dec 2017 (1063...
Bull market signified by higher lows and higher highs
Bear market signified by lower lows and lower highs
1st bull market Nov 2011 thru Nov 2013 (739 days)
1st bear market Nov 2013 thru Jan 2015 (405 days)
Ratio of length of Bear to Bull market = .54
1st bear market reversal at 883 Fibonacci retracement of price
2nd bull market Jan 2015 thru Dec 2017 (1063...
