Bitcoin/Market 4-year Macro Cycle

Updated

Let's see if the 4-year Macro Cycle continues this way.

PS: Since 2013, September price action was always corrective or sideways.

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I also think that the parabolic move between Oct 2020 and Feb 2021 was somewhat fueled by the C-19 black swan event. The growth curve was violated and a ton of very cheap Bitcoin and Alts could be bought during the panic. That slingshot move ended in a rounding top with a necessary correction at some point afterwards.

But I don't believe a second that this was THE TOP of this bull run, simply because this unnatural rounding top gave a lot of time for the normies to "sell the top". The bull run top doesn't give us 3-4 months of time to realize it and take profit. It gives us 3-4 weeks during constant huge green candles in Altcoins that feed everyones greed so everyone "forgets" to take profit.

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First September week on the chart and it starts off red. Suprise.

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Daily Ichimoku behaviour in 2013 & 2017 & 2021 bullrun.
02.October 2013: Sharp down move smashed through the cloud, but support reacted fast and kicked off the parabolic move to ATH.

14. September 2017: Price droped into the cloud, support held firm and bullish trend continued.

21. September 2021: Price drops into the cloud, will the support hold? Will the bullish trend continue?

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Cloud Support on Daily held. Played out exactly the same way like 2013 and 2017.
Self-fulfilling phrophecy.

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If the game is really on now and we head to the last phase of the bull market, then maybe the Monthly RSI "double top" can tell us when it would be wise to take profit.
Not my idea, but I will keep a close look at it.

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Perfectly on track. Patience.

NoobOfTheMonth

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