The narratives change, but the patterns stay the same...
Bitcoin to repeat its 4 year cycle patterns regardless of the macro backdrop...
The narrative is different every cycle for bitcoin, but the patterns continue to repeat.
We have a bull market followed by a bear market followed by a sideways market, each lasting roughly the same amount of time as the prior ones...
Once we cross above the 200 period moving average, that more or less signals the beginning of the bull market.
Historically this cross has happened in roughly the same time of the 4 year cycle:
(Source: https://twitter.com/ChartsBtc/status/1614279620857335813/photo/1)
Which is more or less where we are right now...
So, the narratives change, the macro environment changes, but the patterns continue to replicate in very similar fashion.
Rinse and repeat.
Asking for my fellow not too savvy technical analysts, when is the bull market starting?
Pretty crazy how similar these are...
Upvoted! Thank you for supporting witness @jswit.
will lookout for 200ma on my chart... nice one
I love the post but I'm not convinced we are done bleeding. The boost is nice but a lot of the things happening in the economy looks extremely grim.