This is a 23-Day Chart.
Why a 23-day chart (seems sorta bizarre); simply put, I find this unique day-count chart to provide a clear picture for myself. It's personal preference, but I feel it does a nice job telling a story. Keep in mind, any time you increase the length of time reflected in the candlesticks, the stronger the story (the higher the credibility in the resulting chart).
What the green arrows are pointing out, is that I believe the current 23-day candle (set to close Sunday, 10/25/20) is right around the 11/18/16 candle from our prior bull run. Meaning, when we open our new candle on Monday, 10/26/20, I think we'll be right around the mid-Nov to early-Dec time frame.
I see lengthening cycles in other charts (e.g. xrp and xrpbtc), but this chart appears to be closely aligning with the 4 year cycle hypothesis.
My best educated guess at this point is we will see our next cycle top somewhere between Dec-21 to Jul-22.
I do not see anyone stating the next cycle top could be around the mid-point of 2022, where as I think that is completely feasible.
Either way, the true point of this chart is to help show where we may be in relation to the prior cycle. To me it shows there being a likely probability that we will see new BTC all-time highs sometime in the next several months (by 1Q21), along with altcoins having an initial massive run sometime within that same timeframe. Because, remember, Bitcoin is the driver of value. And all ships will rise with the tide of the mothership.
Why a 23-day chart (seems sorta bizarre); simply put, I find this unique day-count chart to provide a clear picture for myself. It's personal preference, but I feel it does a nice job telling a story. Keep in mind, any time you increase the length of time reflected in the candlesticks, the stronger the story (the higher the credibility in the resulting chart).
What the green arrows are pointing out, is that I believe the current 23-day candle (set to close Sunday, 10/25/20) is right around the 11/18/16 candle from our prior bull run. Meaning, when we open our new candle on Monday, 10/26/20, I think we'll be right around the mid-Nov to early-Dec time frame.
I see lengthening cycles in other charts (e.g. xrp and xrpbtc), but this chart appears to be closely aligning with the 4 year cycle hypothesis.
My best educated guess at this point is we will see our next cycle top somewhere between Dec-21 to Jul-22.
I do not see anyone stating the next cycle top could be around the mid-point of 2022, where as I think that is completely feasible.
Either way, the true point of this chart is to help show where we may be in relation to the prior cycle. To me it shows there being a likely probability that we will see new BTC all-time highs sometime in the next several months (by 1Q21), along with altcoins having an initial massive run sometime within that same timeframe. Because, remember, Bitcoin is the driver of value. And all ships will rise with the tide of the mothership.
Comment:
so far we're on track; expecting a move up to ~$17.2K by December of this year
Comment:
i should add November is possible, but by december