Last six months have been bullish, and with each green there is a need for healthy correction which we have not seen yet in the monthly candles.
While going through the all time data, i have identified an strange pattern, and I Guestimate that the upcoming two months might be a bearish ones for Bitcoin.
Here is the table below:
Sr. No Ratio Start End Period
1 5:1 1-Apr-12 31-Oct-12 6
2 6:2 1-Nov-12 30-Jun-13 8
3 2:1 1-Jul-13 30-Sep-13 3
4 2:1 1-Oct-13 31-Dec-13 3
5 4:1 1-Sep-15 1-Jan-16 5
6 1:1 1-Feb-16 31-Mar-16 2
7 4:1 1-Sep-16 1-Jan-17 5
8 1:1 1-Feb-17 31-Mar-17 2
9 5:1 1-Apr-17 30-Sep-17 6
10 3:1 1-Oct-17 1-Jan-18 4
11 5:3 1-Feb-19 1-Jul-19 8
12 2:1 1-Apr-20 1-Jun-20 3
13 2:1 1-Jun-20 1-Sep-20 3
14 6:2 1-Oct-20 31-May-21 8
If you go through the Sr.No (2) you would see that the cycle was followed by 2:1, 2:1 ratio for BTC uptrend. later the trend follows 4:1 , 4:1 trend, then the trend is bit different, perhaps, the this is the period of ICOs Boom, which attracted many. Not interesting yet?
Now bear with me, add Sr.no 5 & 6 (4+1,1+1 = 5:2) before that we have 2:1, 2:1 & 6:2 trend. Assume for instance that this cycle is going to be 6:2, interstingly, the cycle has played the same pattern as mentioned in Sr.no 2,3,4,5 (collectively leading to 5:2), but in reverse order.
The markets have been matured good enough, and there may be many factors that have distorted the price. I request the Expert to explore this phenomena in lenght.
Note: i have ignored the consolidation periods.
While going through the all time data, i have identified an strange pattern, and I Guestimate that the upcoming two months might be a bearish ones for Bitcoin.
Here is the table below:
Sr. No Ratio Start End Period
1 5:1 1-Apr-12 31-Oct-12 6
2 6:2 1-Nov-12 30-Jun-13 8
3 2:1 1-Jul-13 30-Sep-13 3
4 2:1 1-Oct-13 31-Dec-13 3
5 4:1 1-Sep-15 1-Jan-16 5
6 1:1 1-Feb-16 31-Mar-16 2
7 4:1 1-Sep-16 1-Jan-17 5
8 1:1 1-Feb-17 31-Mar-17 2
9 5:1 1-Apr-17 30-Sep-17 6
10 3:1 1-Oct-17 1-Jan-18 4
11 5:3 1-Feb-19 1-Jul-19 8
12 2:1 1-Apr-20 1-Jun-20 3
13 2:1 1-Jun-20 1-Sep-20 3
14 6:2 1-Oct-20 31-May-21 8
If you go through the Sr.No (2) you would see that the cycle was followed by 2:1, 2:1 ratio for BTC uptrend. later the trend follows 4:1 , 4:1 trend, then the trend is bit different, perhaps, the this is the period of ICOs Boom, which attracted many. Not interesting yet?
Now bear with me, add Sr.no 5 & 6 (4+1,1+1 = 5:2) before that we have 2:1, 2:1 & 6:2 trend. Assume for instance that this cycle is going to be 6:2, interstingly, the cycle has played the same pattern as mentioned in Sr.no 2,3,4,5 (collectively leading to 5:2), but in reverse order.
The markets have been matured good enough, and there may be many factors that have distorted the price. I request the Expert to explore this phenomena in lenght.
Note: i have ignored the consolidation periods.