Buy bitcoin Nov13 2022 to Jan 13 2023...Or right now...
And update to one of my previous bitcoin cycle charts.
I KNOW ITS VERY BUSY, I HAVE ADHD! (and my charts are for me anyways.. i know what i mean)
Over simplification:
Bitcoin bottoms Mid Jan 13 2015, Mid Dec 2018, so now it must bottom Mid Nov 2022
Bitcoin still only down 70%ish needs to go down >80%ish
All this correlates with my magic thick white trendline of the BTCUSD bottoms during bear market, seems to always break down under that trend line indication VERY oversold (capitulation)
You(ie: me ) wanted an easy button, here it is!
Over simplified Bull Case:
My Dashed green and blue Fib lines from last cycle = Buy (doesn't work for 2015 cycle at all...)
Miner capitulation ( hashrate MA cross) = buy
Bitcoin didn't go up as much as previous cycles so it wont go down as much
I KNOW ITS VERY BUSY, I HAVE ADHD! (and my charts are for me anyways.. i know what i mean)
Over simplification:
Bitcoin bottoms Mid Jan 13 2015, Mid Dec 2018, so now it must bottom Mid Nov 2022
Bitcoin still only down 70%ish needs to go down >80%ish
All this correlates with my magic thick white trendline of the BTCUSD bottoms during bear market, seems to always break down under that trend line indication VERY oversold (capitulation)
You(ie: me ) wanted an easy button, here it is!
Over simplified Bull Case:
My Dashed green and blue Fib lines from last cycle = Buy (doesn't work for 2015 cycle at all...)
Miner capitulation ( hashrate MA cross) = buy
Bitcoin didn't go up as much as previous cycles so it wont go down as much
Comment:
The more I look at my charts the more I think Bitcoin has bottomed already. I think we will likely re-test the local highs ($25,000) next. After that (because of Macro conditions) we may re-test the lows again like 2015 BUT this is not 100%! In truth it feels 50/50 to me. If things start deteriorating rapidly in our financial markets (which they have started too, already) and the liquidity stimulus gets cranked on with gusto... I see the real asset bubble coming over the next decade. LET THE DE-BASEMENT BEGIN!!