In 2017 at least, Bitcoin has been showing us very consistent and clear 60 day Cycles. The sample size is relatively small, but the consistency is impressive.
Clearly for this Cycle, #Bitcoin has topped. There is a possibility that the parabola that started in 2017 has now ended or exhausted itself. That doesn't mean it's an end to this bull market by any stretch, but that a long period (maybe 2 or 3 full 60-day cycles) might be needed to consolidate the gains.
Whatever the outlook, I believe we might be looking at 3 more weeks of profit taking and consolidation. A good dip into the Jan 10th to 15th timeframe should be bought aggressively,
Clearly for this Cycle, #Bitcoin has topped. There is a possibility that the parabola that started in 2017 has now ended or exhausted itself. That doesn't mean it's an end to this bull market by any stretch, but that a long period (maybe 2 or 3 full 60-day cycles) might be needed to consolidate the gains.
Whatever the outlook, I believe we might be looking at 3 more weeks of profit taking and consolidation. A good dip into the Jan 10th to 15th timeframe should be bought aggressively,