Bitcoin’s price chart shows a fractal pattern that is similar to the price-performance in October 2020, just before BTC’s price began its run to a new all-time high. If a similar pattern plays out in the current market, Bitcoin’s price will see a continuation of the uptrend while alts suffer for at least 1 month.
评论:
Compare xrp October 2016 to Algo today, also compare Bittorrent October 2020 to Algo today, now compare Ethereum January 2017 to Band, now look at Bitcoin January 2020 to Bitcoin today (same Algo fractal too 4 hours to 2 hours ratio), while you are at it, compare Bittorrent today to August 2017 XRP on the daily. Also feel free to compare Etherem September 2017 to today's price action in Ethereum. Algorithms are running mad crazy bro. Each alt at a different time in the cycle, however January 19th 2020 looks very plausible and playing out like clockwork on the 4 hourly. See for yourself if you have the time for it and 8 screens hehe, cheers
评论:
Buckle your seatbelt Dorothy, cause Poverty is going bye bye!
1. We're in the part of the cycle where we replicate end of January 2020, in this scenario both Alts and Bitcoin go up before a massive March like dump (capitulation)
2. We're in the part of the cycle where we replicate early October 2020, Wyckoff accumulation followed by a Bitcoin run while alts suffer for a good 2 months
3. We're in that part of the cycle where we replicate May 2018, we're in a bear market but don't know it yet, this thesis is backed by Peter Brandt who successfully called the top at the end of 2017 and Christopher Columbus who successfully called the 65k top since late 2019.
4. We're in that part of the cycle where Alts are back to November 2020 and can buy safely since accumulation has started on its way to another rapid increase in price, this scenarios matches moving averages and rsi on most alts but don't match MAs, volume or rsi on Bitcoin which suggests it could be a trap.
5. We're in that part of the cycle where Bitcoin starts to look at a lot like August 2016, consolidating while alts get ready to explode in 2022. This scenario would suggest bitcoin dominance is going to end up around 5% as 10 trillion dollars enter the market in the first two quarters of 2022.