Bitcoin Current Cycle compared to Gann & Hurst Nominal Cycle ***IN REFER TO MY PREVIOUS ANALYSIS ...I thought that it was a good idea to republish it as chart was not clear in my previous Analysis...I have now enlarged chart and added some more information...hoping its more clear now-
Even if we do not have a lot of datas on Bitcoin using what we have we can see the following patterns :
- October 8th 2010 a 10 years Cicle started with Wave 1 ( I presume that this is 1/3 of a 30 years Cicle...but this is only an assumption for now as there are not enough data to confirm )
- June 8th 2011 End of Wave 1 with a Top
- November 19th 2011 End of Wave 2 with a Bottom
- November 30h 2013 End of Wave 3 with a Top
- January 14th 2015 End of Wave 4 with a Bottom
- December 17th 2017 End of Wave 5 with a Top
Then we had an ABC correction Pattern
- December 15th 2018 End of Wave A with a Bottom
- June 26th 2019 End of Wave B with a Top
- March 13th 2020 End of Wave C with a Bottom
10 years CICLE ENDED
The entire move started on October 8th 2010 to December 17th 2017 could be Wave 1 of what I think it could be the 30 years cycle and it completes the 7 year Super Cycle Top
The entire correction move started on December 17th 2017 to March 13 2020 could be Wave 2 of what I think it could be the 30 years cycle and it completes the 3 year coorrection Cycle Bottom
NOW :
- a New 7 Years SUPER CICLE STARTED with Wave 1 starting on March 13th 2020
- The 30 Years Cycle is on Wave 3
If the future is but a repetition of the past I think that we could see a major move up considering the Sum of 3rd Wave of 30 Years Cycle and Wave 1 of the 7 Year Super Cycle that are both bullish and pushing in same direction.
Legenda :
7 YEAR BULLISH SUPER CYCLE WAVES IN GREEN
30 YEARS CYCLE WAVES IN BLUE
*** Additional Note :
7 Years MA in Blue provided perfect support to both Bottoms on December 15th 2018 and on March 13th 2020 confirming that the 7 Years Cycle is in place and running.
Bottoms on December 15th 2018 and March 13th 2020 where Wave A and wave C of Correction pattern ABC
*** Additional Note :
- BITCOIN CURRENT CYCLE ( 3444 DAYS ) ...Tradingview is only counting 3439 days because probably some datas are missing for the initial phase of Bitcoin Chart...but if you take the real dates I get 3.444 Days
- HURST NOMINAL CYCLE ( 3273,6 DAYS )
- GANN 10 YEARS CYCLE ( 3600 DAYS )
-VARIATION:
170,40 DAYS COMPARED TO HURST NOMIMAL CYCLE
156 DAYS COMPARED TO GANN 10 YRS CYCLE
Just quoting William Delbert Gan now:
"”The next important major cycle is the 10-year cycle, which produces fluctuations of the same nature and
extreme high or low every 10 years. Stocks come out remarkably close on each even 10-year cycle. The
minor cycles are 3 years and 6 years. “” - William D. Gann -
Cycleanalysis
BITCOIN ATH PROGRAMMED IN LETS SEE IF HISTORY REPEATS ITSELFBare with me on this chart, it may look a bit messy when you don't know what it is you're looking at so I will try and break it down as best I can.
We know that Bitcoins market cycle is over a period of 4 years. Whereby we see a year long bear market, followed by an accumulation period moving up to Bitcoins halving event, which to date has arguably been the trigger that initiates the Bitcoin bullrun which in turn triggers the rest of the market to start following Bitcoins appreciation.
The data shows that in 2013 price hit its ATH at the 2.272 + 15%, in 2017 it did the same and in 2021 if history repeats itself the projected ATH for Bitcoin will be circa 233k. Just because this has happened before doesn't mean it'll happen again, however until this pattern fails to replicate I will continue to follow it.
With past Bitcoin bear markets we can expect around an 85% drop from its ATH. In 2013 it was 86.75% & in 2017 it was 84%. So if Bitcoin hits it's 2.272 this cycle and over extends a 85% drop from 233K will bring us to around 30K. This is a strong support level which further backs up this theory. we may see a small over extension to around 26-28K, but again looking at history Bitcoin has never revisited a previous ATH and tested it as support.
With this being said assuming history repeats itself, we now have the Top and Bottom for Bitcoin already programmed into the charts. This would make sense given what Bitcoin is but it has yet to be confirmed/proven. If this pattern continues it will become clearer and clearer that these prices are all programmed in already.
2021 BITCOIN NEW ATH = 233K
2022 BITCOIN LOCAL BOTTOM = 30K
Bitcoin likes to spend around 52-58 weeks in a bear market before the bottom is formed.
After the bottom forms Bitcoin has taken 142 weeks (2013) & 150 weeks (2017) to reach its ATH. Currently we are on the 154th week. Meaning Bitcoins ATH is imminent in the next couple of weeks. If we assume Bitcoin takes another 8 weeks on top of what it previously took to hit its ATH in 2017, then that puts Bitcoin printing a top on 06/12/2021. In terms of the pattern being an increase of 8 weeks every cycle, there isn't much data to go off on this, but as it stands. This is the longest Bitcoin has taken to hit a new ATH. So we know at least that the data shows that every cycle Bitcoins ATH cycle becomes longer. Essentially from this point onwards we can expect Bitcoin to go parabolic and hit it's ATH before initiating its long bear market. In line with a pending economic crash? 2022 will be a very interesting year but one thing is for certain. it will be the year where generational wealth is achieved.
SO HOW DO WE KNOW WHEN BITCOIN WILL HIT ITS ATH???
The reason I chose the 2WEEK candle chart was to illustrate the importance of the 1.618 fib extension. In 2013 and 2017 respectively a 2 WEEK full body candle closure above the 1.618 lead to a parabolic move to the 2.272. Currently in this cycle the first week has already closed above this threshold, we're now looking for a second weekly close above 60400, to complete the 2W candle. Once we get the 2W close above this zone, history again dictates we will be seeing 2.272 very soon, within a matter of weeks. All eyes on the weekly close commencing this Sunday. The most fun part of the bull run is almost here, remember to set sell targets and take profits. No one ever went broke taking money off of the table. Don't think price will never go back down. You're most likely very wrong.
Finally just to round this up. If we draw a Trendline from the 1.272 bottom we can see historically during the mania phase of Bitcoins bullrun this has held up until Bitcoin hits the 2.272. After the ATH has been printed similar to the 1.618 theory. If we get a full 2WEEKLY body close below the Trendline, this is confirmation that the bear market is in and we should expect lower lows and lower highs until the bottom is in. Bitcoins next top is predicted to come in December 2025 which is even more interesting and backs up the fact that all this is programmed. Can you guess when the next top will be? It's a conversation for another day but all this seems to fit in perfectly with the WEF's Great Reset Agenda. LOL.
According to the data, Bitcoin should print its new bottom around Dec 2022/Jan 2023. This is where I'll be buying. Until this it's sell the rally and wait patiently.
BTC E-wave cycle with supply zoneBTC completed his impulsive and corrective cycle. now try to look for respective supply zone as i mentioned above.
btc is mega bullish according to all recent technical analysis. so there is maximum possibility to touch the respective supply zone.
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$BTC Personal #shortterm #expectationThis is how I expect BTC to move until 14th of Feb, which is my birthday (world around the sun, yaay! / valentinas day, boo / lupercalia, haa?). Let's see whether stock2flow model and cycles model will be a gift for my birthday, or not (: In any case, for friends who came here, please read about #blockchain as technology to prepare yourself for next #laborfilter . And contact me personally for anything related with #DAO 's (Decentralized Autonomous Organizations). I am only interested in #nonprofit #remotefirst possibilities.
Regards.
Forecast based on 2011 price dataThis forecast revolves around the ideas published by Edgar Lawrence Smith in the 1930s.
He noted that the broaded markets trade in a 10 year cycle starting with the years that end in the digit "1".
The forecast expects bearish pressure coming into September/October before returning to ATH levels.
BTC HTF Log View + Fib Time for Jan 4th 2022Appear to have found a potentially epic Fib time, starting from the very beginning of BTCs recorded upward thrust. Thought some might be interested, so am deciding to publish this chart. Note it catches the last cycle high almost perfectly, as well as the most recent high at the 4.618. Fib time 5 shows up on Jan 4th 2022. This is closely aligned with many analysts prediction of near the end of this Bull cycle.
There is a simple fan drawn of the tops. The top of the last 2 major bull cycles trend line is in the middle, and intersects with Fib time 5 showing in the area of $344K. Which is also closely aligned with many predictions of BTC hitting in the 6 digit range this cycle.
Note the Fib retracement is from the absolute bottom to the absolute top of BTCs recorded history. This current retracement is hitting very strong resistance right now. The Fib retracement "Golden Pocket" of the entire chart is roughly between $24.7K and $22K, with the last cycle high being just under $20K hanging out below.
I'm not sure BTC can rally $300K+ in 6 months, but... what do you think?
If nothing else, looks to be an interesting next couple of months.