BTC/USD - some crazy speculation about cycle peak
Comparing 12-13 year cycle and 19-...present year cycle one can see some interesting coincidence.
What are used :
-Fib circles
-Top Cap indicator
- Fib levels up to 10.618
As you can see, 12-13 cycle has 2 peaks, that can be found using 10.618 Fib level of last major downtrend.
If we assume, that this cycle started in 19 year and use 10.618 Fib of the first major downtrend we will receive almost price of the peak in April.
10.618 Fib from the last current major downtrend will be around ~360k $
Fib circles are drown in that way, so they start when trend is starting and end when abnormal pump begins.
For both case they show, that strong resistance was found in 2.618.
And for 12-13 cycle peak was found between 4.618 and 5.618. If we assume that history repeats, so peak for current cycle will be by the end of the 22 year.
Top Cap indicator, historically, showed all peaks, if you try to continue it - receive price also around ~360k $
Interesting, that second wave in 12-13 cycle started after testing mirror line of support/resistance :
And now price also testing this level :
Basically, if we hold this level - we will get more arguments pro this theory.
But anyways, 360k is a bit miracle, at least for this cycle.
What are used :
-Fib circles
-Top Cap indicator
- Fib levels up to 10.618
As you can see, 12-13 cycle has 2 peaks, that can be found using 10.618 Fib level of last major downtrend.
If we assume, that this cycle started in 19 year and use 10.618 Fib of the first major downtrend we will receive almost price of the peak in April.
10.618 Fib from the last current major downtrend will be around ~360k $
Fib circles are drown in that way, so they start when trend is starting and end when abnormal pump begins.
For both case they show, that strong resistance was found in 2.618.
And for 12-13 cycle peak was found between 4.618 and 5.618. If we assume that history repeats, so peak for current cycle will be by the end of the 22 year.
Top Cap indicator, historically, showed all peaks, if you try to continue it - receive price also around ~360k $
Interesting, that second wave in 12-13 cycle started after testing mirror line of support/resistance :
And now price also testing this level :
Basically, if we hold this level - we will get more arguments pro this theory.
But anyways, 360k is a bit miracle, at least for this cycle.
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