Bitcoin’s 4-year cycle pattern has transmogrified?
I see nobody in the cryptocosm posting this idea.
So the center cup tops out ~79k, which is precisely the predicted 5.3 theory top. Then comes down for the right shoulder. Now if we assume the 5.3 theory applies again but does not diminish by 5.3 because still in the same 4-year cycle, thus ~30k + (4 × 30k) = ~150k target.
Or Bulkowski's ThePatternSite.com states that Cup&Handle as well as inverted H&S often only reach a (~30%) fraction of their projected target, thus perhaps CTO Larsson’s ~92k target based on pre-versus-post-halving relative gains (and timing). Or ~92k could be computed by dividing the current 5.3 theory multiple 4.13 by 5.3 = ~0.78 and adding that to 4.13 = ~5 (which is a Fibonacci number). Thus 15.4k + (5 × 15.4k) = ~92.k.
Btw, this posited inverted H&S neckline would explain why so far each new ATH is only ~4.5k higher than the prior one (as first noted by Gareth Soloway).
So the center cup tops out ~79k, which is precisely the predicted 5.3 theory top. Then comes down for the right shoulder. Now if we assume the 5.3 theory applies again but does not diminish by 5.3 because still in the same 4-year cycle, thus ~30k + (4 × 30k) = ~150k target.
Or Bulkowski's ThePatternSite.com states that Cup&Handle as well as inverted H&S often only reach a (~30%) fraction of their projected target, thus perhaps CTO Larsson’s ~92k target based on pre-versus-post-halving relative gains (and timing). Or ~92k could be computed by dividing the current 5.3 theory multiple 4.13 by 5.3 = ~0.78 and adding that to 4.13 = ~5 (which is a Fibonacci number). Thus 15.4k + (5 × 15.4k) = ~92.k.
Btw, this posited inverted H&S neckline would explain why so far each new ATH is only ~4.5k higher than the prior one (as first noted by Gareth Soloway).
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