Asem
Price behaviour from a cyclical and mathematical perspective (+ On chain)
Hi There, Recently I have been monitoring the BTC price using cyclical and mathematical approach and I found few interesting things that I would like to show. Image 1; It is observed that the declining degree from the top to the bottom foe the 2nd and 3rd cycles were exactly (-40 degree), however it is quite interesting to mention that even the mini correction before the last bull market correction was found to be at (-40 degree). if you measure the days period from the 1st candle that touches the (-40 degree) red line to the top of each bull run you will notice that the periods are identical (1067 days) which is not a coincidence. However, the last bear market crash exceeded the expected bottom and declined to the degree of -47 instead of -40. image 2; if we look at the bigger image and draw a Fibonacci cross grid for each cycle I noticed that the 1st early cycle bottom to top is not 1067 days but rather is a 1140 days, so i neglected the 1st one and will use the 2nd and 3rd cycle days reading for the current cycle price performance predication. it is observed that each cycle start its rapid bull market which there are no more corrections and only rapid upward moves when exceeding the Fibonacci level of 50%, also it can be seen that for the 1st half of the cycle price moves horizontally for nearly 540 days. so as for the current cycle price will go through a horizontal period and many liquidity traps will occur, don't expect the bull market to start now even though those twitter ppl are spreading FOMO, does it make sense to start bull market this early ? Image 3,4; MicroStrategy Bitcoin Holdings are in positive now (his PnL is green) and every time this happens we see a short drawdown (probably investors fear of him selling). image 3 is the realised price for 3 different UTXO bands. keep an eye on it as important SR levels. Thanks for reading, hope everyone a good opportunity