Everyone was over the moon when BTC did it's BGD right through the log resistance line on the 20th of April 2018 (Line 1). However when we look at the price action from May 2014, we see that BTC did the same thing, only to fall victim to another Log-Trend line (Line 2), which dictated it's upper resistance line for the next 12 months. In July 2015, BTC was...
Another doomsday prediction (more for fun to see if it really plays out) for when the BTC bubble will pop
The April 2013 and the December 2013 bubbles saw a maximum of 4.3x and 4.5x cumulative monthly growth figures in the 2 days before each bubble popped.
Until last week we were sitting quite comfortably in the 2x monthly growth channel. However with the recent...
I got this idea from Chris Dunn on Youtube (Thanks!)
The general idea is that the ATH in a cycle is more or less >50% high than the dump in the cycle. Hence the ticker chart can be broken up periods where the start is defined by the first time the price broke the lowest level and the end is defined by when the price finally broke out on its way to a new ATH. As...
Over the last 4 years, we've seen 4 major channels.
- The first on this chart is the "parabolic" channel leading up to the Nov 2013 bubble. Here BTC was increasing at a rate of 550% per month, with several large >50% jumps in quick succession. This channel last for 6 weeks before the bubble burst.
- The second is the 18 month bear market, where BTC was losing ~6%...
Does history repeat itself? If the last two bitcoin cycles are anything to go by, then I think we're in the market for another 30% retrace in the coming weeks.
On the way up, we had an extra long consolidation period thanks to Bitcoin Gold, then S2X gave us the retrace (from the green line down) and now we're poking at the 10% border above the previous ATH. Of...
