Every cycle, when the weekly 233 EMA crosses above the weekly 200 MA, shortly after there is a circa 30% drawdown. That is happening now and is normal but feels more intense because 30% of 100k is bigger than entire price range of 2017 cycle.
2013 - 2017 cycle
• 136 weeks from top to halving
• 48 weeks to 233/200 cross
• 37% dump from cross swing high
• 26 weeks to 2017 cycle top
2017 - 2021 cycle
• 126 weeks from 2017 top to halving
• 41 weeks to 233/200 cross
• 31% dump from cross swing high
• 42 weeks to cycle top
2021 - Now
• 127 weeks from top to halving
• 41 weeks to 233/200 cross
• 28% dump from cross swing high so far
• Estimted hitting upper band - late October early November if cycle follows previous
Bought more BTC last night at 81.1k
2013 - 2017 cycle
• 136 weeks from top to halving
• 48 weeks to 233/200 cross
• 37% dump from cross swing high
• 26 weeks to 2017 cycle top
2017 - 2021 cycle
• 126 weeks from 2017 top to halving
• 41 weeks to 233/200 cross
• 31% dump from cross swing high
• 42 weeks to cycle top
2021 - Now
• 127 weeks from top to halving
• 41 weeks to 233/200 cross
• 28% dump from cross swing high so far
• Estimted hitting upper band - late October early November if cycle follows previous
Bought more BTC last night at 81.1k
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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.
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.