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.
This is sexy! I’m a complete beginner, not going to lie. I take it you’re a market analyst, respect, but can we assume this is the results only if trump decides not to go to war with crypto?
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theellk Golems
@Golems, Good lord, Ive almost become aroused at the thought that someone thinks I might be a market analyst, appreciate it man. I 'am' but Ive only been doing it for 2 years and dont even trade, i just enjoy analysing the charts and have a hodl plan. There is literally zero 'professional qualification' knowledge behind any of this, so it should be taken with a pinch of salt, but Bitcoins very structured 4 year halving cycle does seem to (so far) create these repeating fractals, but weve only had 2 or 3 so its only working from limited data. One thing is for sure, markets are just humans, and they have very preictable behaviour - especially in a commodity thats mystical and not fully understood.
As far as a geo political even affecting the price - No, this is just, in my opinion, naturual organic growth for bitcoin over the next few years based on its scarcity and its stock to flow model - (Go to twitter, find @100trillionusd and read all his shit)
If theres a global financial collapse, or ban , or a nation states its using btc - this will all happen in months.
+2 Reply
Golems theellk
I see, your welcome dude lol. yes those two, 4 year cycles are incredibly similar and that would support a third cycle/forth cycle, for sure. However Trump hasn’t been kind on bitcoin recently and I believe India may have band it completely, but then again there may have been criticism 4 years ago, I wasn’t following at that time. The next 6 months will be very interesting for sure. Thanks
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theellk Ronnie_Dong
@Ronnie_Dong, Dude, stop spamming my chart with yours - not cool
+3 Reply
@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
+1 Reply
Smashing it , bitcoin jumps from 3400 to 8k
+1 Reply
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