Bitcoin bull run tops and October to December sideways movement
This TA is based on the linjear bottom lines with the convex parabolic long term, and the concave parabolic bear and bull cycles. Halvings seem to move closer and closer to the center of the parabola, which also seem to make the ATH's in the middle of two halvings, and cycle bottoms closer to the halving. If we look at the halving as a signal hitting a parabola, it will signal straight back when halving hits the center and the long term convex parabola is flattened out. Making Bitcoin stable and not volatile anymore.
The top before 2020 halving is based on the previous top where the angle from ATH have been 3 degrees. This is taken from rektcapital on Twitter.
A new ATH might not happen untill quarter four 2020. 2021 on the other hand will be the year we go on a new adventure for price discoveries. Somehow I think $550.000 can be conservative even. A lot can happen in two years. Like danheld on Twitter believes -this can be a supercycle. These early January tops might happen in 2022 as well, but I have a feeling this one will go longer than those other December runs.
This is my first chart I have ever done. I did this chart the 21 October, but have now updated trendline colors. The first one was a little bit messy.
As we can see, the sideway movement that will range in between 7400 and 8800 have been accurate. One week ago, I had an alternative for a movement down to $6500. The more time goes, less likely that alternative is. I think we will go below 8000 one or two more times before we start to steadily move up to $16.000 or $18.000.
I am a beginner at this. Just trying to see the big picture with historical data and some logical thinking. (:
The top before 2020 halving is based on the previous top where the angle from ATH have been 3 degrees. This is taken from rektcapital on Twitter.
A new ATH might not happen untill quarter four 2020. 2021 on the other hand will be the year we go on a new adventure for price discoveries. Somehow I think $550.000 can be conservative even. A lot can happen in two years. Like danheld on Twitter believes -this can be a supercycle. These early January tops might happen in 2022 as well, but I have a feeling this one will go longer than those other December runs.
This is my first chart I have ever done. I did this chart the 21 October, but have now updated trendline colors. The first one was a little bit messy.
As we can see, the sideway movement that will range in between 7400 and 8800 have been accurate. One week ago, I had an alternative for a movement down to $6500. The more time goes, less likely that alternative is. I think we will go below 8000 one or two more times before we start to steadily move up to $16.000 or $18.000.
I am a beginner at this. Just trying to see the big picture with historical data and some logical thinking. (:
Catatan
Litterly 10 minutes after posting this Bitcoin surged to $10.000! News usually don't impact Bitcoin. But this China blockchain plans and Jack Dorsey Bitcoin endorsement might have helped.
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