Bitcoin today on September 30th 2019 bears uncanny resemblance to Bitcoin in January 2016.
Bitcoin is not exactly on a 4 year cycle, that's just the halvening cycle. Bitcoin in terms of the acceleration of its price across increasingly shorter spans of time is expanding exponentially. What took 6 months to complete in the past may take only 2 months now.
A general rule of thumb to follow in the bull market for Bitcoin is this : when ever there is a dip between 25% - 40% from its previous local high that is the time to buy, for it will be the last chance to buy bitcoin at that price, before the next leap up in price.
I have copied the pattern that marked the start of the last bull market and used it as a basis of predicting what will happen next.
The transition in 2015-2016 was marked by a 39% dip, 36% dip and 31% dip after the "second bottom" of bitcoin, in that order. The 39% dip occurred two weeks exactly before the halvening took place.
The "second bottom" of bitcoin I believe has just taken place. It is marked by wave (4), which also coincides with the 61.8 major golden fib line, just like wave (4) in 2015-2016.
And then after those first three dips during the transition, there would be six more chances to buy bitcoin at 31%, 39%, 40%, 30%, 21%, and 24% down from what would have been during the time a local previous all time high in 2016-2017.
And the amount of time you have to buy these massive downswings in a bull market decreases dramatically the further along in the bull market you are before climax.
At the beginning of the bull market you will have multiple weeks or months perhaps to buy a 30% dip. However, towards the end, the last three dips or so will only last less than a week, if only a few days. I wouldn't wait too long though.
After expansionary phase ended in November 2015, the "second bottom" marked by wave 4 would mark the beginning of a new accumulation zone that would last about three months.
After that, the transition into a bull market began. And the rule to always buy Bitcoin after a 25%-40% dip from it's most previous local high begins to go into full effect.
So there would be a total of 9 massive dips which took place after "second bottom marked by wave(4)" to buy at what would have been the lowest price possible in a bull market that has now begun for 2019-2020.
What happened in the previous transition will occur faster this time around I believe because I think time is compressing and history is accelerating on itself. So a compression in time of the exact same pattern of price action of the previous cycle is happening now. We are at wave (4). Now for a couple of months there will be more accumulation plus boredom to really make sure people have stopped paying attention to Bitcoin.
Also notice in January 2016 the wave (4) wicked at the 61.8 fibonacci golden mean line.
Coincidence? Well what happened just these last few days with the same pattern having repeated in September 2019!
See it for yourself!
So I have continued/plotted the price action pattern of previous transition to bull market in 2015 onto 2019.
What follows are some rough predictions if this pattern is correct and is in fact repeating.
October 5 = BTC $9500
Middle to End of October = BTC $8700
First week of November = BTC $10900
New Years = BTC $12000
By End of February = BTC $13000 -> $14000
March = BTC $20000
April - May = BTC $14000
Beyond that $20000 will be reached again soon enough, and then serious lift off mid 2020. That's when every single time BTC drops 25-40% that's your cue to buy at the best price Bitcoin will be for the next couple of years. Remember as previously written that in the previous bull market of 2016-2017 there were a total of 6 opportunities to buy bitcoin after the previous ATH was broken. In this case of 2020-2021, a similar pattern will re-present itself because history does not repeat exactly but it does rhyme. It's a fractal.
April/May 2020 final time to buy Bitcoin under $15000. After this point, $100,000 BTC is on the horizon by end of Spring 2021.
Bitcoin is not exactly on a 4 year cycle, that's just the halvening cycle. Bitcoin in terms of the acceleration of its price across increasingly shorter spans of time is expanding exponentially. What took 6 months to complete in the past may take only 2 months now.
A general rule of thumb to follow in the bull market for Bitcoin is this : when ever there is a dip between 25% - 40% from its previous local high that is the time to buy, for it will be the last chance to buy bitcoin at that price, before the next leap up in price.
I have copied the pattern that marked the start of the last bull market and used it as a basis of predicting what will happen next.
The transition in 2015-2016 was marked by a 39% dip, 36% dip and 31% dip after the "second bottom" of bitcoin, in that order. The 39% dip occurred two weeks exactly before the halvening took place.
The "second bottom" of bitcoin I believe has just taken place. It is marked by wave (4), which also coincides with the 61.8 major golden fib line, just like wave (4) in 2015-2016.
And then after those first three dips during the transition, there would be six more chances to buy bitcoin at 31%, 39%, 40%, 30%, 21%, and 24% down from what would have been during the time a local previous all time high in 2016-2017.
And the amount of time you have to buy these massive downswings in a bull market decreases dramatically the further along in the bull market you are before climax.
At the beginning of the bull market you will have multiple weeks or months perhaps to buy a 30% dip. However, towards the end, the last three dips or so will only last less than a week, if only a few days. I wouldn't wait too long though.
After expansionary phase ended in November 2015, the "second bottom" marked by wave 4 would mark the beginning of a new accumulation zone that would last about three months.
After that, the transition into a bull market began. And the rule to always buy Bitcoin after a 25%-40% dip from it's most previous local high begins to go into full effect.
So there would be a total of 9 massive dips which took place after "second bottom marked by wave(4)" to buy at what would have been the lowest price possible in a bull market that has now begun for 2019-2020.
What happened in the previous transition will occur faster this time around I believe because I think time is compressing and history is accelerating on itself. So a compression in time of the exact same pattern of price action of the previous cycle is happening now. We are at wave (4). Now for a couple of months there will be more accumulation plus boredom to really make sure people have stopped paying attention to Bitcoin.
Also notice in January 2016 the wave (4) wicked at the 61.8 fibonacci golden mean line.
Coincidence? Well what happened just these last few days with the same pattern having repeated in September 2019!
See it for yourself!
So I have continued/plotted the price action pattern of previous transition to bull market in 2015 onto 2019.
What follows are some rough predictions if this pattern is correct and is in fact repeating.
October 5 = BTC $9500
Middle to End of October = BTC $8700
First week of November = BTC $10900
New Years = BTC $12000
By End of February = BTC $13000 -> $14000
March = BTC $20000
April - May = BTC $14000
Beyond that $20000 will be reached again soon enough, and then serious lift off mid 2020. That's when every single time BTC drops 25-40% that's your cue to buy at the best price Bitcoin will be for the next couple of years. Remember as previously written that in the previous bull market of 2016-2017 there were a total of 6 opportunities to buy bitcoin after the previous ATH was broken. In this case of 2020-2021, a similar pattern will re-present itself because history does not repeat exactly but it does rhyme. It's a fractal.
April/May 2020 final time to buy Bitcoin under $15000. After this point, $100,000 BTC is on the horizon by end of Spring 2021.
