BTC SUPERCYCLE? - Log Scale trendlines - Fibonacci ->>>

I did some analysis of the BTC All Time Index using cycle lines, Fibonacci and long term trendlines on log scale.

tradingview.com/chart/iAyEf8xQ/?symbol=INDEX:BTCUSD


They appear to show many convergent lines upon one particular area.

1. There's a connection to where we are now, all the way back to 2016 (the yellow circle and line connecting them).

2. The 2021 cycle WAS shorter than we would have expected from history but did respect a long term resistance trend line dating back to the 2011 and 2013. (the white trend lines)

3. All the other cycles since 2014 was within that [blue] channel.

4. The Covid crash was actually the bottom, tapping that long term white support trendline before going up to then top out on the white resistance (see 2)

6. The recent bottom makes total sense as per these dualling blue and white channels, and the Covid crash makes perfect sense because if we hadn't touched at least that white line it would have diverged from the pattern.

7. Looking at sine waves/cycle lines, along with the other indicators, shows something interesting:

  • (a) One interpretation might be that the cycles are speeding up, and it does appear to be to some degree.
  • (b) However, 2021 top has a different energy. The tops and bottom were within the blue channels for the previous 2 cycles, but then tops out with the resistance in the WHITE channel from the earlier cycle (2011-2013).
  • (c) However the recent bottom DID tap the blue support line.
  • (d) INTERPRETATION: I think there's a reason to think this cycle really could be a true "supercycle" and that 2021 cycle was actually a HALF CYCLE.


6. The white trendline that serviced as the resistance for the 2021 top is now far higher, and converges with other trendlines into more or less a single point
And that point is very high indeed. At around 232k-295k

7. If the price went up to the blue trendline from 2016 and 2018 cycle, that would take us up to about $1 MILLION 733 THOUSAND.

8. The white trendline at around 232k-295k is clearly quite significant and no matter what implies the price will go up far higher than it is now, assuming it marks the top of this cycle like in 2021

9. Making the connection with the 2016 bull cycle (yellow circles) makes me think 2021 could have indeed been a half cycle and the bear cycle was just preparation for the next super cycle up to these figures.

10. Further notes: Vumanchu Cipher B show that the bull and bear markets were extremely predictable. While not quite as easily visible on a chart as full as this one, cycle lines show that if one uses a monthly view and starts the cycle lines Jan 2014 and end at Oct 2015, based on the Vumanchu red sell signals you'd have correctly predicted the bottoms for the next two cycles after that, including the one we just went through.
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