Bitcoin Lengthening Cycle Theory [March 2022 top] [2013-2014]
Was very skeptical of the "Lengthening Cycle Theory" with more data now at the end of 2021 its looking like a 2013 - 2014 repeat.
Both having a gigantic symmetrical triangle pattern where virtually nothing happens for an entire year.
January will deicide is this plays out or something entirely new happens - short term this is a human psychology chart not a Bitcoin price prediction chart.
2013-2014 Case (Dismissing the wicks out of the range due to the Mt.Gox hack
2021 - 2022 Case
https://www.tradingview.com/chart/BTCUSD/jOivywVb-1356-BITCOIN-Stock-To-Flow-Magical/
Previous moves without lengthening applied with an average of %1356 gain.
Both having a gigantic symmetrical triangle pattern where virtually nothing happens for an entire year.
January will deicide is this plays out or something entirely new happens - short term this is a human psychology chart not a Bitcoin price prediction chart.
2013-2014 Case (Dismissing the wicks out of the range due to the Mt.Gox hack
2021 - 2022 Case
https://www.tradingview.com/chart/BTCUSD/jOivywVb-1356-BITCOIN-Stock-To-Flow-Magical/
Previous moves without lengthening applied with an average of %1356 gain.
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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.