Bitcoin Historical Reference Map 2022-2024
Updated
::This chart is a sifting & filtering of data from the previous cycles.
::This is a reference guide made from time and percentages and general price movement spanning from the inception of Bitcoin until present day.
::This was made to be a useful reference and by no means should this chart be interpreted to be an accurate prediction of price and time (although I do believe it may be pretty damn close).
::If you would like to ask any questions about how the chart was constructed, or what information and details were studied to produce this chart please ask me in the comments and I will be more than happy to explain my thought process/how the percentages and times were calculated ETC. Much of this was compiled using information from the LOG chart, but has been presented here using a LINEAR chart because both charts share particular angles of perspective needed for the bigger picture.
Enjoy.
::This is a reference guide made from time and percentages and general price movement spanning from the inception of Bitcoin until present day.
::This was made to be a useful reference and by no means should this chart be interpreted to be an accurate prediction of price and time (although I do believe it may be pretty damn close).
::If you would like to ask any questions about how the chart was constructed, or what information and details were studied to produce this chart please ask me in the comments and I will be more than happy to explain my thought process/how the percentages and times were calculated ETC. Much of this was compiled using information from the LOG chart, but has been presented here using a LINEAR chart because both charts share particular angles of perspective needed for the bigger picture.
Enjoy.
Note
The grey dotted "hump" is an alternative projection for the bounce after the bear market lows - in the 2017 cycle this bounce reached higher than in past cycles, and it created a precedent for the possibility of this higher percentage bounce continuing on in future Bitcoin cycles due to the evolving market structure. Although it is good to acknowledge also that the black swan crash in spring 2020 was unforeseen and seamed to be worse as a result of the added over correction due to the nearly 350% rise in price that had taken place just previous (the higher target) This is why the previous cycle chart is so ugly - it was a sine wave correction that was wildly bouncing to stay on pace for the bull run trajectory (which was also an ugly mess that over corrected with the help of over leveraging creating a camels hump and a double top lol..)Note
Keep in mind there are also some interesting Indicators hidden at the bottom of the screen that you can explore - Just pull them up..Note
Comment: Also something to add - Not only are the average percentages & times being represented, but also the relative Fib levels that can be found and duplicated on all previous cycles. They are the SAME in all previous cycles - indicating significant levels similar to mile markers and elevation indicators on a mountain climb. The pattern repeats like a fractal, and I don't expect it will be much different this time around. It just appears different to the eye on a log chart as we grow higher in price.Note
The little grey tear drops on the chart can be hovered over for more info..Note
The horizontal Black line extending past the major downward trendline shows the path that could be possible if price attempts to stay afloat longer than expected. Although in that case I'd expect we'd eventually see a steep drop by the beginning of November, but my primary expectation is that price will stay behind the trendline and hit our target towards the beginning of the red box (Beginning of October.)Note
This chart will give insight into just some of the FIB levels that I have found to be predictive & repeating within every cycle of Bitcoins history..
Note
From past cycles it looks to me the furthest out we might go is 3rd week in December..I believe we are somewhat behind for a final capitulation if it's coming. My targets remain the same..
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