BTC - FIB CYCLE EMERGES - WHAT TO EXPECT NEXT? - CryptoManiac101
BITCOIN / USD FRACTAL CYCLE
I've been looking at Bitcoin for a while and discovered this very intriguing cycle. It almost doesn't look like a cycle until it does, so let's dive right into.
What do we see on the chart?
We see 6 time frames equally spaced at roughly 495 days apart. We also have 3 different time frame cycles: BEAR, ACCUMULATION & BULL
Although these FIB time zones are not precise to an exact day, they have general representation of each market cycle.
Look for example at the similarities of January/February 2015 and December/January 2018/9 - Interesting, right?! We see nearly and exact 'bottom' structure develop which then moves into a so called accumulation phase with some upward momentum until finally moving into an abrupt bull market and there are many more fractals likes that.
So what can we expect for the near future?
According to this cycle, Bitcoin specifically, is still in the Bull market and is slowly nearing Bear market which, according to this FIB time zone, should occur on or around January 6, 2022 (Q1)
Stay tuned, more updates incoming!
I've been looking at Bitcoin for a while and discovered this very intriguing cycle. It almost doesn't look like a cycle until it does, so let's dive right into.
What do we see on the chart?
We see 6 time frames equally spaced at roughly 495 days apart. We also have 3 different time frame cycles: BEAR, ACCUMULATION & BULL
Although these FIB time zones are not precise to an exact day, they have general representation of each market cycle.
Look for example at the similarities of January/February 2015 and December/January 2018/9 - Interesting, right?! We see nearly and exact 'bottom' structure develop which then moves into a so called accumulation phase with some upward momentum until finally moving into an abrupt bull market and there are many more fractals likes that.
So what can we expect for the near future?
According to this cycle, Bitcoin specifically, is still in the Bull market and is slowly nearing Bear market which, according to this FIB time zone, should occur on or around January 6, 2022 (Q1)
Stay tuned, more updates incoming!
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.