Bitcoin cycles. Timing and price target
During each previous cycle from cycle bottom to cycle top, the Bitcoin halving sits almost exactly halfway through the cycle. From this we can get an idea of when the current cycle could end with it's usual blow off top.
Bear Trap:
In 2013 there was a pullback from $266 to $70 following the first PI cycle top. The price then continued to it's $1100 blow off top.
In 2017 there was a pullback from $3000 to $1800 and price continued to it's $20,000 blow off top.
These pullbacks occurred at exactly the same point in each cycle (time-wise). We can see where I placed the bars pattern (yellow) from the 2013 pullback on top of the 2017 pullback, the blow off top takes the same amount of time to complete following this pullback.
We have just have a major pullback in May 2021 but if we place the same bars pattern it takes us to Oct 11th 2021 to complete the cycle if the pattern is to repeat.
This also is the same date where the current Gann Fan intersects with the upper boundary of the Logarithmic Growth Curve. The price is approximately $130,000 at the intersection.
Is this the key to predicting the cycle dates and prices?
Bear Trap:
In 2013 there was a pullback from $266 to $70 following the first PI cycle top. The price then continued to it's $1100 blow off top.
In 2017 there was a pullback from $3000 to $1800 and price continued to it's $20,000 blow off top.
These pullbacks occurred at exactly the same point in each cycle (time-wise). We can see where I placed the bars pattern (yellow) from the 2013 pullback on top of the 2017 pullback, the blow off top takes the same amount of time to complete following this pullback.
We have just have a major pullback in May 2021 but if we place the same bars pattern it takes us to Oct 11th 2021 to complete the cycle if the pattern is to repeat.
This also is the same date where the current Gann Fan intersects with the upper boundary of the Logarithmic Growth Curve. The price is approximately $130,000 at the intersection.
Is this the key to predicting the cycle dates and prices?
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