$64 Million Question P2 - Where Are We In The 4 Year Cycle?
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This corrects mistakes I made in part 1.
There are 4 stages to the cycle (bull, superbull, dump, flat). Graphing them out shows that the 4 year cycle defined by the halfing pattern is possibly decelerating.
Also in the previous post I made the mistake that this is a FLAT year, it is actually a BULL year.
In the middle of the chart it's easy to see the 4 year cycle. When BTC first started it is actually hard to tell where one cycle began and ended, the cycles were probably going much faster than 4 years. It looks like the cycles' lengths could be increasing by 15% each time or 6 months, going 3.5 years, 4, and now maybe 4.5. I think the halfing effect is going to become less important as time goes on.
Here is the price data which is snapped to year starts and doesn't take into account the faster cycle at the start but corrects the mistake I had in the previous post of being shifted by a year:
So how to actually trade this? My plan is almost still the same, I am expecting a parabolic run up before the halfing. I intend to sell as close to the top of that run as possible and then buy in again when it looks like the miners have dumped their holdings and have sent price down quite a lot. The position I get from that might be something to hold all the way to the end of 2021 (not the end of 2022).
We could definitely see 100k BTC during the next superbull phase.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.