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CYCLE-TOP

BTCUSD cringe log chartThe idea that something which never happened can't happen is a silly one On high timeframe BTC goes up from inception "So it's just gonna go up from here and never look back. Why ? because it never does." That is so silly - it also never tested a previous cycle top until last month - never closed below the 200 weekly or whatever until last month Pattern breaks While I do think the low 10k is a good buy, I don't understand why it couldn't oscillate around these price for years, or decades, lose this range and never go back or pump the million ? Why not? "goofy prediction dude" Same was said to the one targeting 30 when we were above 60
INDEX:BTCUSD
by Copege
1
Pi Cycle Top Elongations Circled demonstrating lower highsPi Cycle Top Elongations Circled demonstrating potential lower Pi Cycle highs; such a prediction puts in worst bear case scenario a wick down to $28k for Bitcoin; however strong upwards support occurs in the overall upwards linear trend in February 2022; we reached a bottom of this pi cycle's market until the halving of 2024 and the 16 months prior and post-halving. Any candlestick closes below this level would be potentially devastating for price action and potentially break the linear logarithmic scale to which we have abided by until now. My impression/prediction is that of the Founder/CEO of MicroStrategy; that we will always move our currency to a stronger currency; and the holy grail of all known currencies is that of blockchain. Exponential 100x from here! Cheers! Shout out to the future; from your 8 year younger self! It'll at least be on their conscious for not listening; not mine =).
BITSTAMP:BTCUSDLong
by EMJ123
1
Bitcoin Pi Cycle Top Paralell Channel, RSI & Volume from 2011This is a detailed analysis of the Logarithmic Bitcoin USD Price Chart. Pi Cycle Top, as taught to me by Joel Bishop, a bonifide badeass who knows his bitcoin cycles. He has published content and must give him the credit for teaching me about this indicator or indicator function on trading view. Hope this helps anyone wrap their heads around where price is headed based on the logarithmic scale. Staying in the parallel channel, price could reach as little as 20k or even 15k, but would present an amazing buying opportunity imho. This cannot be construed as financial advice, only my prediction of where I believe price will be at by the beginning of 2024. Thanks and enjoy!
BITSTAMP:BTCUSDLong
by EMJ123
1
A clear path for Bitcoin - Extending Cycles.Bitcoin is programmed math - therefore i believe trends are easier to recognize and distinguish (especially when cross referencing on-chain analytics). Here's the LONG story short: I measured the amount of days from the halving to the cycle top, which gave me an ~33% increase. I then added the 33% to the 2017 cycle which equals ~707 days. This puts Bitcoin's market cycle top for 2022 around April 18th. The Red Box indicates the general area in which I believe Bitcoin can top out in (Jan 22 - July 22). $250k is possible but to early to tell - on-chain gives more accurate top indications as the time nears. As for the 350k and 500k are the price predictions from other analysis of those who I will not name. That being said, $100k-$150k are also possible tops. How quick price accelerates nearing the end of the cycle will indicate just where we may top out in the cycle. Currently, we're experienced a mid-cycle top at $64K - this is where i believe the floor will be during the bear market that supersedes the Blow Off Top this cycle. The end! let me know what you think x
BITSTAMP:BTCUSDLong
by internetjoey
BTC BLX - That Which Can Not Be UnseenCall me what you will, and you will, and I do not care- but you can't unsee this. _____________________________________________________________________ Declining volume since 2015... Tops on HTF's Closer look at the current Horn Top on a 2 Week chart Meeting resistance Broke down out of Ascending Wedge 5 Waves with correctives abiding by the rule of alternation- Wave 2 sharp decline, Wave 4 extended in breadth Bitcoin likes the 886 level on L/MTF's, note the level Below DHMA's on the Weekly Some Yearly chart levels to be aware of Flip on Volume Profile Fibonacci Time sequence on this Weekly chart has been correct 6 times so far for trend reversals since ATH, the next Weekly date in the sequence is Monday 7/22/2019, and the following date is 7/20/2020. Now that you have seen all of this take into consideration the current perspective of Bitcoin by the US government; while Wall Street desires to take advantage of a new market they will not do so without proper regulation in place...but anyone can create an Altcoin. Any company can create a "crypto" as we have seen Facebook attempt to do so with Libra (not an actual cryptocurrency). You can look to the list of 100 members of the board of Calibra for companies desperate to also take advantage of new money in, to them, a new untapped market. There are also investigations into Bitfinex and Bitmex happening, Beaxy having been hampered buy low volume since opening, and Bakkt test launch of Futures. The last time a Futures product for BTC debuted it was the very beginning of the 2018 Bear Market. Also take the irrationality of the market right now, with maximalists calling for $30k, $50k, and plenty higher talking about the Moon- last time the market was like this? December 2017. Now, I do not believe that Libra will debut anytime soon, the reason why it is being greeted with government resistance is that Congress hates Facebook, and the reason why Wall Street and CNBC have been hyping Libra is because they are heavily invested in Facebook, but I do believe that we will see in influx of new Altcoins with an Altseason of epic proportions between 7/22/2019 and 7/20/2020. What happens after that can only be assessed at that time. I am not saying that Bitcoin will reach lows in the 3-digits but I do believe that Bitcoin will enter a Bear Market/year long consolidation period, beginning week of 7/22/2019...
BNC:BLX
by BTCookieMonster
41