theellk
Long

Bitcoin Long Term - 4 year cycle / fractal

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I really need to spend more time before publishing....

Here's is my updated chart after tidying it up, adding a few bits and also a tongue in cheek look ahead to $1,000,000 :)

Bitcoin 4 year cycle, self explanatory chart.
Comment: Also note how the 200W moving average marks the current top, when it reaches the previous top.

To test this, we will need to wait until the end of 2021(ish) when the 200W MA reaches 20k - that should be a key indicator as to when to take final profits.
theellk Ronnie_Dong
@Ronnie_Dong, Dude, stop spamming my chart with yours - not cool
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@theellk, I just want to share it with you. I'm sorry if you don't want to
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theellk Ronnie_Dong
@Ronnie_Dong, No its fine, but please just 'share' your chart with me, no need to post it as a reply to one of mine, especially when its not really related. you can do this from the bottom options on your chart, or just send me a message. thank you.
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@theellk, Thank you for your reply, i will
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Ur ideas are always liked
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Smashing it , bitcoin jumps from 3400 to 8k
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1,000,000? Really think so?
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The 4 year cycle has often been repeated for BTC and seems based on the block reward halving and a single bear/bull market cycle between 2014 and 2018... This goes against the notion that as markets mature, gains become smaller, and bull/bear markets become longer and less severe. I'm not saying you're wrong, I just feel like this is literally THE most optimistic scenario. From a fractal perspective I feel is is more realistic to say that as BTC is twice as old as in 2014, the bear market will last twice as long (putting us before the final capitulation) with longer, monthly moving averages being the important supports/resistances rather than relying as much on the 200 week.
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