And update to one of my previous bitcoin cycle charts.
I KNOW ITS VERY BUSY, I HAVE ADHD! (and my charts are for me anyways.. i know what i mean)
Over simplification:
Bitcoin bottoms Mid Jan 13 2015, Mid Dec 2018, so now it must bottom Mid Nov 2022
Bitcoin still only down 70%ish needs to go down >80%ish
All this correlates with my magic thick white trendline of the BTCUSD bottoms during bear market, seems to always break down under that trend line indication VERY oversold (capitulation)
You(ie: me ) wanted an easy button, here it is!
Over simplified Bull Case:
My Dashed green and blue Fib lines from last cycle = Buy (doesn't work for 2015 cycle at all...)
Miner capitulation ( hashrate MA cross) = buy
Bitcoin didn't go up as much as previous cycles so it wont go down as much