Cycles occur in every aspect of our lives. In financial markets, the study of Cycles is a proven strategy. Cycles in the financial markets track the natural ebb and flow of human emotions and influence. So it naturally stands to reason that repetitive Cycles in the price of Bitcoin would develop, considering it's probably one of the most diverse and naturally traded markets out there.
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. The chart suggests the next Cycle Low to occur around Jan 12th, and if the parabola has broken here, then a natural 50% bull market retracement would be the type of "blood in the street" event that a bull market would throw us at this point in its evolution.
Stay sharp and nimble, remember that markets never move in one direction all of the time. Even a retracement back to the $5,700 preserves the major bull market trend and allows for sentiment to be reset.
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. The chart suggests the next Cycle Low to occur around Jan 12th, and if the parabola has broken here, then a natural 50% bull market retracement would be the type of "blood in the street" event that a bull market would throw us at this point in its evolution.
Stay sharp and nimble, remember that markets never move in one direction all of the time. Even a retracement back to the $5,700 preserves the major bull market trend and allows for sentiment to be reset.