-continuation from my previous idea.
If we view the BBands without log chart we can see that for the past 2 bubbles, the price action culminates in a peak above the top band, then retreats to test the middle band, then *briefly* crashes below it, before rebounding back to find support on the middle band, and then progressively starting the new bull run. This process takes about 2 years from the big crash to next major bull market, and has happened every single time before in the history of BTC!
Applied to this bull cycle - we see that BTC had its culminating candle spike above the top band last year, before retreating back down, and now it rests on the middle band. If this cyclical theory holds, we may soon crash below (25-30k is my modest estimate, though we may wick lower) before regaining the 35-45k range, and consolidating there before the next bullrun, likely in 2024 during the next halving hype cycle, but also could come sooner considering that the world is getting so crazy these days, who knows what can come next?
The take away here for me, is that whenever we are below the middle band on the 5y, buy as much as humanly possible.
If we view the BBands without log chart we can see that for the past 2 bubbles, the price action culminates in a peak above the top band, then retreats to test the middle band, then *briefly* crashes below it, before rebounding back to find support on the middle band, and then progressively starting the new bull run. This process takes about 2 years from the big crash to next major bull market, and has happened every single time before in the history of BTC!
Applied to this bull cycle - we see that BTC had its culminating candle spike above the top band last year, before retreating back down, and now it rests on the middle band. If this cyclical theory holds, we may soon crash below (25-30k is my modest estimate, though we may wick lower) before regaining the 35-45k range, and consolidating there before the next bullrun, likely in 2024 during the next halving hype cycle, but also could come sooner considering that the world is getting so crazy these days, who knows what can come next?
The take away here for me, is that whenever we are below the middle band on the 5y, buy as much as humanly possible.