I have used the BTC log curve as one of my indicators today. It shows us if BTC has already reached its peak (represented in the red zone), therefore it will enter a big correction or bear cycle shortly after.
If we are to copy the price movements starting around mid November 2020 until March 2021, it would look something similar to this.
The white trend line shows that we should reach the RED ZONE of the BTC log curve in 118 days or around the month of July 2021 at a price area of around 76400 before a pull back in price happens.
EXTRA INFO ABOUT THE PREVIOUS BULL CYCLES!
2011
UP 4476.75% in 56 days
from 70 cents to 32 dollars
DOWN -92.57% in 166 days
from 32 dollars to 2.29 dollars
It took approximately 911 days before we reach the next all time high in 2013.
2013
UP 958.83% in 59 days
from 103 dollars up to 1178 dollars
DOWN
-71.98% in 131 days
from 1178 dollars to 336 dollars
It took 258 days before we experienced the 2017 all time high.
UP 1716.10% in 259 days
from 1070 dollars up to 19780
DOWN -84.06 in 363 days
from 19780 to 3144
It took approximately 1033 days for next bull run to start in around October 2020
So far we are still currently in a bull run, so we still haven't seen the potential all time high for this cycle yet.
WILD PRICE PREDICTIONS - COMPUTATIONS OUT OF CURIOSITY
BULLISH SCENARIO
I computed for the average percentage from the previous 3 bull cycles which gave me a result of 2383.89% gains for this cycle. It should give us a price target of around 312000 area - but I just did this out of curiosity to see where it can take us.
BEARISH SCENARIO
I also computed the average percentage from the all time high to all time bottom from each of the 3 cycles and gave me 82.87% down from the 312000 price zone. This will once more give us the 52000 area.
I am open for feedback, suggestions and advice. Thanks!
If we are to copy the price movements starting around mid November 2020 until March 2021, it would look something similar to this.
The white trend line shows that we should reach the RED ZONE of the BTC log curve in 118 days or around the month of July 2021 at a price area of around 76400 before a pull back in price happens.
EXTRA INFO ABOUT THE PREVIOUS BULL CYCLES!
2011
UP 4476.75% in 56 days
from 70 cents to 32 dollars
DOWN -92.57% in 166 days
from 32 dollars to 2.29 dollars
It took approximately 911 days before we reach the next all time high in 2013.
2013
UP 958.83% in 59 days
from 103 dollars up to 1178 dollars
DOWN
-71.98% in 131 days
from 1178 dollars to 336 dollars
It took 258 days before we experienced the 2017 all time high.
UP 1716.10% in 259 days
from 1070 dollars up to 19780
DOWN -84.06 in 363 days
from 19780 to 3144
It took approximately 1033 days for next bull run to start in around October 2020
So far we are still currently in a bull run, so we still haven't seen the potential all time high for this cycle yet.
WILD PRICE PREDICTIONS - COMPUTATIONS OUT OF CURIOSITY
BULLISH SCENARIO
I computed for the average percentage from the previous 3 bull cycles which gave me a result of 2383.89% gains for this cycle. It should give us a price target of around 312000 area - but I just did this out of curiosity to see where it can take us.
BEARISH SCENARIO
I also computed the average percentage from the all time high to all time bottom from each of the 3 cycles and gave me 82.87% down from the 312000 price zone. This will once more give us the 52000 area.
I am open for feedback, suggestions and advice. Thanks!