Will bitcoin continue to track amazon from the 2000's ?
Updated
This is a purely speculative idea, but what's so special about this ?
- The fractal, based on AMZN's price in the 2000's is not stretched in price nor time (so the overlay is week by week, price change (in %) by price change).
- The idea has been tracking for over 3 years at publishing date, with following a very similar price action model
- If it would continue to follow along in the future, the price model would continue to obey the 4 year election bull/bear cycles (Start of bull cycle: thick green line, start of bear cycle: thick red line).
- The BTC halving (thick orange lines) conveniently will cause a rally each time, just like it has in the past, coincidence?
- The bad news is that this implies BTC may drop south of 4000$
- The good news is that this implies BTC could reach north of 1 million $ (past 2040).
- Note that the next bull/bear cycle will not push it past previous ath (to recoverfrom the institutional contagion, potentially trapping many impatient bulls)
- All this is coincidence ? Well, it fits the picture quite well. Let's wait and see. Enjoy.
- The fractal, based on AMZN's price in the 2000's is not stretched in price nor time (so the overlay is week by week, price change (in %) by price change).
- The idea has been tracking for over 3 years at publishing date, with following a very similar price action model
- If it would continue to follow along in the future, the price model would continue to obey the 4 year election bull/bear cycles (Start of bull cycle: thick green line, start of bear cycle: thick red line).
- The BTC halving (thick orange lines) conveniently will cause a rally each time, just like it has in the past, coincidence?
- The bad news is that this implies BTC may drop south of 4000$
- The good news is that this implies BTC could reach north of 1 million $ (past 2040).
- Note that the next bull/bear cycle will not push it past previous ath (to recoverfrom the institutional contagion, potentially trapping many impatient bulls)
- All this is coincidence ? Well, it fits the picture quite well. Let's wait and see. Enjoy.
Comment
The green line ended up playing out the anticipated scenario B!Where bitcoin bottoms at 16.5 k. Called publically at 21.5 k on my twitter. Great ride. It's been a great ride down but finally the ride was over. The bull market is back.
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