WJeffrey76

WJeffrey76

Bitcoin's history shows that a key indicator to monitor is the RSI on the monthly timeframe. Every time the monthly RSI breaks out above the moving average, BTC exits out of the bear market with an explosive rally. The vertical, dashed green lines illustrate the RSI breakouts, which typically occur every 3.5 to 4 years. The most recent example was April 2019,...

WJeffrey76

There's a reason behind every pump and every dump, it's our job to find out why. My previous post talked about BTC cycles turning bullish over the past few months and I thought this new chart would be a good supplement. The chart should help find a correlation between major crypto/global news events and the major turning points for Bitcoin's 60-day...

WJeffrey76

Every new uptrend begins with fear, uncertainty and doubt. When Bitcoin is no longer being discussed on traditional financial broadcasts, around your office between coworkers who are suddenly crypto experts overnight, or at family events when grandmom asks how to buy, it is time to consider the beginning of a new uptrend. Under the hood, Bitcoiners are refusing...

WJeffrey76

*For the best introduction for Bitcoin cycles, please visit the Youtube channel of Bob Loukas, who was the first to discuss Bitcoin's 4-year cycles back in late 2018.* Since reaching a price of $64,899 back on April 14, 2021, Bitcoin has dealt with China clamping down on mining operations and essentially reducing their country's hash rate to zero, aside from...

WJeffrey76

Contrary to what most people in the crypto space believe, Bitcoin began its bull market back on December 15, 2018 when price bottomed in the $3,200 area. It was assumed by analysts and myself that the cycle top would occur after roughly 3 years, which would have been during December 2021. Bitcoin had to endure two "black swan" type events throughout this bull...