Bitcoin Cycle Trends

2021年10月17日

In this analysis i am trying to establish whether Bitcoin will follow the previous cycle and form a trend with regards to duration, its a difficult one because there havent been many cycles so to speak so it would be interesting to see if we do start to conform to some kind of pattern this time around, if we do follow the timeframe for the last cycle im making the top at approx 230k being around the end of December beginning of January. Ive used the monthly timeframe with RSI and CMF indicators, you can see the same RSI fractal towards the top from an earlier cycle where it shows a hefty correction off the 1.618 just like this time around, that's what makes me think we will hit that upper RSI resistance again before we hit the bear, let me know your thoughts.