...With an even more bullish scenario. I combined some dude's circular fibs + an approximation of the S2F levels + PLC and then added a fourth circular fib with the top being at PlanB's estimate. It revealed to me that this is the last major cycle for bitcoin, and we will soon break out and never return below this level. You're living in history times.
Bitcoin Head & Shoulders rejection target would line up with the Bitcoin Power Law Corridor resistance line at about 100k....
Stock to flow has a mid line near $7.1k which price tends to orbit around. I strongly expect price to return there especially with the halving coming up and miners nearly at capitulation even without the halving. Stock to flow also has a noise band around it and BTC price does sometimes explore to the edge of it. If it were to continue on in that direction you...
This corrects mistakes I made in part 1. There are 4 stages to the cycle (bull, superbull, dump, flat). Graphing them out shows that the 4 year cycle defined by the halfing pattern is possibly decelerating. Also in the previous post I made the mistake that this is a FLAT year, it is actually a BULL year. In the middle of the chart it's easy to see the 4 year...
Macro cycle trade on 6 month intervals. Still haven't finalized my plan to get back in but it will probably just be the 16 week donchian high. Really not interesting in tracking smaller pullbacks on smaller timeframes, I am coming to the point of view that the power law corridor is probably the most profitable timeframe.