BTC \ Bitcoin \beautiful, green line, receding into the distance
On my channel, you can find a lot of global ideas on bitcoin.
I argue with myself - is it spring, is it winter?
Sometimes it seems that such a huge colossus moves - it takes a lot of time.
But one has only to look at the growth from 10k to 60k - and we can say that Bitcoin does not cost anything so quickly to jump into the last high before the bear market.
This idea is in favor of the Bitcoin peak option at the beginning / end of winter 2021.
Possible high - 93k-126k. (November 15-December 30)
Initially, I built the idea differently from what is now depicted on it.
I wondered if the bull market could lengthen so that the bear market would get shorter?
How long does it take for the market to cool down?
And I have always faced, as with an obstacle, with halving.
Halving seems to be more than one might think.
Could it be that the bear market will be shorter and the bull market will be longer? It is possible. But again I run into halving.
Could it be that halving will not spur Bitcoin to growth? Maybe. But this seems to me less likely.
Then I started the analysis from the opposite. What if we set aside time in this bull run for a future bear market? The way he was on average in the past.
In the past, a bear market took about 900 days. In this race, I have allocated 888 days for the inter-market. Why? A bit later.
The estimated date for the future halving will come in late March - early May 2024.
From this date, I counted the days back. Determined the timing of past bull runs 2013/2017.
See how significant it is that the end of the bull market often fell in December. However, let's go further.
Later, I noticed that the proportions of bull run vs bear market are reminiscent of the golden ratio.
21/34 = 0.617
8/13 = 0.615
5/8 = 0.625
I calculated the proportions of the periods on the chart in the past. In this regard, 2013 looks less "beautiful" and does not seem to fit into the concept at all.
The proportions can also be calculated in the opposite direction - they are located at the bottom of the graph.
0.38, 0.60 - at the top
0.56, 0.62 - below from the opposite.
Is there a striving for the ideal in this?
from one halving to another, approximately 1437 days should pass.
1437 * 0.617 = 886 days.
Since the candles on the chart are 3x-days. They are slightly biased (888 days).
1437 - 888 = 549 bull days.
549/888 = 0.6182 is an excellent ratio.
Shift in Hai due to the fact that the exact date of the halving is still unknown.
I also allotted about 829 days from the first corrective fall on each run.
The truth is, none of this is necessary. But it seems that there is very little left.
Admire this beautiful, green line, receding into the distance.
p.s the golden ratios seem to have shifted as the pictures after publication do not scale.
picture:
s3.tradingview.com/s...shots/w/wzOVdApx.png
I argue with myself - is it spring, is it winter?
Sometimes it seems that such a huge colossus moves - it takes a lot of time.
But one has only to look at the growth from 10k to 60k - and we can say that Bitcoin does not cost anything so quickly to jump into the last high before the bear market.
This idea is in favor of the Bitcoin peak option at the beginning / end of winter 2021.
Possible high - 93k-126k. (November 15-December 30)
Initially, I built the idea differently from what is now depicted on it.
I wondered if the bull market could lengthen so that the bear market would get shorter?
How long does it take for the market to cool down?
And I have always faced, as with an obstacle, with halving.
Halving seems to be more than one might think.
Could it be that the bear market will be shorter and the bull market will be longer? It is possible. But again I run into halving.
Could it be that halving will not spur Bitcoin to growth? Maybe. But this seems to me less likely.
Then I started the analysis from the opposite. What if we set aside time in this bull run for a future bear market? The way he was on average in the past.
In the past, a bear market took about 900 days. In this race, I have allocated 888 days for the inter-market. Why? A bit later.
The estimated date for the future halving will come in late March - early May 2024.
From this date, I counted the days back. Determined the timing of past bull runs 2013/2017.
See how significant it is that the end of the bull market often fell in December. However, let's go further.
Later, I noticed that the proportions of bull run vs bear market are reminiscent of the golden ratio.
21/34 = 0.617
8/13 = 0.615
5/8 = 0.625
I calculated the proportions of the periods on the chart in the past. In this regard, 2013 looks less "beautiful" and does not seem to fit into the concept at all.
The proportions can also be calculated in the opposite direction - they are located at the bottom of the graph.
0.38, 0.60 - at the top
0.56, 0.62 - below from the opposite.
Is there a striving for the ideal in this?
from one halving to another, approximately 1437 days should pass.
1437 * 0.617 = 886 days.
Since the candles on the chart are 3x-days. They are slightly biased (888 days).
1437 - 888 = 549 bull days.
549/888 = 0.6182 is an excellent ratio.
Shift in Hai due to the fact that the exact date of the halving is still unknown.
I also allotted about 829 days from the first corrective fall on each run.
The truth is, none of this is necessary. But it seems that there is very little left.
Admire this beautiful, green line, receding into the distance.
p.s the golden ratios seem to have shifted as the pictures after publication do not scale.
picture:
s3.tradingview.com/s...shots/w/wzOVdApx.png
