BitcoinLong
The 2011 Megabubble for Bitcoin was part of a larger cycle.
So with some charts I made a few days ago, I had a realization that the Megabubble in 2011 we saw was actually part of a longer cycle that is A) identical to every bubble that came after and B) difficult to see because of it's scale. As far as I have seen, nobody else has ever charted the Megabubble and the subsequent "mini-bubbles" that occurred after in this same manner. Typically they say t he $15 bubble in 2012 was a similar bubble to the two that followed it except that it was a failed launch. In reality, it was part of a larger cycle in the recovery from 2011.
I hope this chart explains things and my theory that we only have had 3 bubbles and are finishing our current cycle now and are not significantly deviated from the cycle period. I'd love to hear your thoughts that these cycles are identical and that it's just the scales are different.
As always with my charts, every single item is color coordinated and every thing that I do put onto each chart is replicated across all 3 timeframes.
I hope this chart explains things and my theory that we only have had 3 bubbles and are finishing our current cycle now and are not significantly deviated from the cycle period. I'd love to hear your thoughts that these cycles are identical and that it's just the scales are different.
As always with my charts, every single item is color coordinated and every thing that I do put onto each chart is replicated across all 3 timeframes.
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