This is a very short but quite informative for long-term investors study. I'm using the MA Multiplier on the BLX to grasp Bitcoin's 1W action since the early stages.
As you see on every single Cycle, every time the Multiple 1 was hit, the market top/ All Time Highs ( ATH ) didn't take to long to be achieved. It is interesting to point out that the Multiple 1 was reached every time roughly on the 1.382 Fibonacci extension from the previous ATH . This marked the start of the final phase of Bitcoin's Bull Cycle and the Parabolic Rise, and in fact during the previous Cycle's only gave a couple of pull-back opportunities.
Since the Multiple 1 has already been hit this year, this suggests that only is BTC entering the Final Phase of the Parabola, but also that there aren't many strong pull-back opportunities left for those who haven't entered yet.
The Cyclical Top/ new ATH has been historically achieved on Multiple 2. That not only happens to be around the 2.382 Fib extension from the previous ATH but also within a zone/ band lower than the previous on the Fibonacci Channel (orange Channel/ trend-lines). The 2.382 Fib ext is around $288000 and that is comfortably placed within one Fib Channel Band lower than the previous within 1.-0.786.
Do you agree that BTCUSD is entering the final phase of this Bull Cycle? Feel free to share your work and let me know in the comments section!
As you see on every single Cycle, every time the Multiple 1 was hit, the market top/ All Time Highs ( ATH ) didn't take to long to be achieved. It is interesting to point out that the Multiple 1 was reached every time roughly on the 1.382 Fibonacci extension from the previous ATH . This marked the start of the final phase of Bitcoin's Bull Cycle and the Parabolic Rise, and in fact during the previous Cycle's only gave a couple of pull-back opportunities.
Since the Multiple 1 has already been hit this year, this suggests that only is BTC entering the Final Phase of the Parabola, but also that there aren't many strong pull-back opportunities left for those who haven't entered yet.
The Cyclical Top/ new ATH has been historically achieved on Multiple 2. That not only happens to be around the 2.382 Fib extension from the previous ATH but also within a zone/ band lower than the previous on the Fibonacci Channel (orange Channel/ trend-lines). The 2.382 Fib ext is around $288000 and that is comfortably placed within one Fib Channel Band lower than the previous within 1.-0.786.
Do you agree that BTCUSD is entering the final phase of this Bull Cycle? Feel free to share your work and let me know in the comments section!
