Wanted to update my last bitcoin chart about the halving and bitcoin behaviour with it.
This was posted several months ago
1ST BIG RALLY FROM SUB 1$ TO 30$, AND FIRST HALVING
2ND BIG RALLY TO 1100$, AND SECOND HALVING
In both cases there is a identical pattern, after a clear correction, price structure exceeds the last falling wave, indicative of a mayor trend reversal, but is just once the halving happens when it clearly exceeds and a new rally begins.
Ahead of that, there are other coincidences shown on the chart that are worth pointing imo:
- There is a clear symmetry from the minimum to the maximum of each cycle. There is approx. the same distance from the minimum to the halving, than from the halving to the next ATH. In first case 54 and 52 weeks, and second 77 and 75, with just 2 weeks of difference in both cases.
- Once crossing the previous ATH until reaching the new one, there are 36 and 39 weeks in both cycles.
- There is a recognizable symmetry too from the mínimum of each cycle to the next ATH, almost the same distance from theminimum
to the halving, than from the halving to the next ATH.
So with all this in mind:
- In both cycles, halving happened with the price been behind the last ATH, so we wouldn't see a new ATH till halving happens if the pattern repeats.
- Price needs time to recover, get some lateralitation that rides to an accumulation phase in low ranges, so that to happen and to be ready for a mayor recover, and watching the other cycles, we should see this cycle mínimum not later than January.
So resuming:
- No new ATH before halving
- Next ATH should happen not sooner than 2021
Obviously this just happened twice and it could not repeat again, but I think is worth pointing it.
Good luck.
Komen:
Just a Little coment, watching the simetry of the market between the ATL and ATH of each cicle with the halving, and thats already been pointed in the chart, where there is approx. the same distance from the minimum to the halving, than from the halving to the next ATH, that means that if we already saw the ATL of the next bull cicle at 15 of december 2018, when Price dropped to 3.1k, and there are 525 days till the 3rd halving, that would mean that next ATH Will be at the 30 of october of 2021 week up week down. Will see how it Works.
