Bear market... or "bearly" there?Let's be honest, we all knew it was coming...
Zoom out on the 4H chart and you might notice something rather odd. Now, you must concentrate and analyse the highs and lows of this complex analysis I've supplied you, perhaps take notes. A very Bearish pattern forming over 141 days of which Bitcoin ( BTC ) has varied in price from 29,000USD to 65,000USD, these Pump and Dumps have formed the less mentioned Bear Paw Pattern as you can see, the chart forms an easily noticeable Bear Paw.. Does this spell the start of a much feared Bear Season?
The Bulls fought hard for the 30,000USD and 29,000USD support which resulted in a nice bounce, but was it enough?
As of time of publishing BTC is finding resistance at 33,000USD and support at 31,000USD but neither the Bulls nor the Bears are giving up just yet...
So, is this the beginning of the Bear Season or is this a win for the Bulls? I'll let you be the judge.
UC.
Cylce
What will happen when a cylcle contains 2 halvings?This is a humble idea for this current bitcoin cycle. I took 3 previous cycles and projected their avarage differences taking S2F targets as a reference. I noticed the (small) possibility of two main peaks: one during the end of 2021 and one for the end of 2024. I can't imagine a final peak during the end of 2021 because this will result in a similar cycle lenght as the previous one. It would be too much too quick. I was inpired by the second bitcoin cycle, having a first peak in April 2013.
The length for this projected long cycle, untill the 24th of october 2024, is the result of the differences between previous cycles. If this current cycle projection works out, this cycle exceeds the next halving. For sure, one day it will. What are the consequences there? More stability, maturity and much less volatility? Or will there be a second sequence of rallies in the same cycle? ... Or will halving mechanics force to limit the cycle lengths?
Bitcoin 4-year cycle! When you should buy BTCJust take a look at the chart and be smart! The writing is on the wall when to buy BTC !!
- Never !NEVER! broke below weekly 200 SMA (close)
- start of the bull run when BTC manages to cross the weekly 21 SMA (close)
Not your keys, not yout Bitcoin
Cheers Christian
Fractal cyclical idea for ETHBTCIf the fractal pattern repeats, we could see a pretty bullish few weeks ahead soonish for ETH.
This would fit the 1 year ETH hype cycle. Imho, ETH is pretty undervalued right now. Metcalfe price is way above 1000, since the number of users and the number of transactions has kept growing exponentially, yet, the price of ETH has not grown a lot compared to other coins, in the last 6 months.
Therefore I think that we will see a pretty nice ETH rally in the next months.