Last six months have been bullish, and with each green there is a need for healthy correction which we have not seen yet in the monthly candles. While going through the all time data, i have identified an strange pattern, and I Guestimate that the upcoming two months might be a bearish ones for Bitcoin.
If you go through the Sr.No (2) you would see that the cycle was followed by 2:1, 2:1 ratio for BTC uptrend. later the trend follows 4:1 , 4:1 trend, then the trend is bit different, perhaps, the this is the period of ICOs Boom, which attracted many. Not interesting yet?
Now bear with me, add Sr.no 5 & 6 (4+1,1+1 = 5:2) before that we have 2:1, 2:1 & 6:2 trend. Assume for instance that this cycle is going to be 6:2, interstingly, the cycle has played the same pattern as mentioned in Sr.no 2,3,4,5 (collectively leading to 5:2), but in reverse order.
The markets have been matured good enough, and there may be many factors that have distorted the price. I request the Expert to explore this phenomena in lenght.
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