Bitcoin - There's no better time to buy - Next ATH Oct 2020
The long term support has held. It should be upward movement (in general) on month over month basis until we max out in Oct 2020. I'm expecting us to break 20k in March or April.
This cycle is moving faster than the previous cycle. On average it is taking 37% less days to achieve repeating long term technical patterns. For example using monthly candles:
From 2013 ATH to the down trend break out in Sept 2016: 1035 days
From 2017 ATH to similar down trend break we are seeing now: 761 days (26.4% less days than previous cycle)
2015 Bottom to the same down trend break out mentioned above: 609 days
2018 Bottom to down trend breakout: 396 days (34.9% less days)
2015 Bottom to bullish weekly MA crossover (labeled GO in purple): 304 days
2018 Bottom to bullish weekly MA crossover (2nd GO on chart): 151 days (50.3% less days)
Average less days from above samples: 37.2%
From this projecting outward:
2013 Bottom to 2017 ATH: 1065 days
2018 Bottom to next ATH: 668 (Oct 2020) 37% less days
This cycle is moving faster than the previous cycle. On average it is taking 37% less days to achieve repeating long term technical patterns. For example using monthly candles:
From 2013 ATH to the down trend break out in Sept 2016: 1035 days
From 2017 ATH to similar down trend break we are seeing now: 761 days (26.4% less days than previous cycle)
2015 Bottom to the same down trend break out mentioned above: 609 days
2018 Bottom to down trend breakout: 396 days (34.9% less days)
2015 Bottom to bullish weekly MA crossover (labeled GO in purple): 304 days
2018 Bottom to bullish weekly MA crossover (2nd GO on chart): 151 days (50.3% less days)
Average less days from above samples: 37.2%
From this projecting outward:
2013 Bottom to 2017 ATH: 1065 days
2018 Bottom to next ATH: 668 (Oct 2020) 37% less days
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