This TA is based on the linjear bottom lines with the convex parabolic long term, and the concave parabolic bear and bull cycles. Halvings seem to move closer and closer to the center of the parabola, which also seem to make the ATH's in the middle of two halvings, and cycle bottoms closer to the halving. If one look at the halving as a signal hitting the parabola, it will signal straight back when halving hits the center and the long term convex parabola is flattened out. Making Bitcoin stable and not volatile anymore.
The top before 2020 halving is based on the previous top where the angle from ATH is 2 degrees.
A new ATH might not happen untill quarter four 2020. 2021 on the other hand will be the year we go on a new adventure for price discoveries. These early January tops might happen in 2022 as well, but I have a feeling this one will go longer than those other december runs.
I am a beginner at this. Ideas about the halving retrace is taken from Rekt Capital. Otherwise just following the parabola effect.
The top before 2020 halving is based on the previous top where the angle from ATH is 2 degrees.
A new ATH might not happen untill quarter four 2020. 2021 on the other hand will be the year we go on a new adventure for price discoveries. These early January tops might happen in 2022 as well, but I have a feeling this one will go longer than those other december runs.
I am a beginner at this. Ideas about the halving retrace is taken from Rekt Capital. Otherwise just following the parabola effect.