BobLoukas

#Bitcoin - Next Cycle

BITFINEX:BTCUSD   Bitcoin / Dolar
The Next 60-day cycle for bitcoin is not due until Mid March.

i expect a Rally for the next few weeks now.

But the main Bear market Low will not come until March. From there expect two more 60-day cycles to recover the highs. Some time around late summer.
Do you still think the cycle is about to happen anytime soon? Or was the $8300 the lowest we got for March?
Balas
@severt, Actually the Cycle (60-days) is March 18th. I drew it one week early above. Still heading lower
+2 Balas
severt BobLoukas
@BobLoukas, damn, I'm an idiot. I was away over the weekend and missed the $7250. Hopefully the impulsive move gets a correction first, but based on the cycle it won't get down to 7250 again.
Although February 6 was also not in the cycle and there's still some FUD in the air by mainstream media like the death cross. What do you think?
Balas
Is is a break cycle or the start of a new one with this new low .. ?
Balas
@Docop1, I say this is already a failed cycle already. Big rallies should be sold. Next Low in Mid March around $5,500 perhaps should be bought.
Balas
Do you expect LTC and Eth to follow? I know some folks think ETHBTC is going waaaay up this spring
Balas
@RexItUp, Not really in my Cycle's discipline to answer. However, it does appear as if ETH as trader's momentum and is certainly in an uptrend relative to BTC. I personally doubt it reaches parity, but coming real close is likely.
Balas
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