Bitcoin (BTC/USD): Accumulation before the next peak 2020-2021?
Here's an update on my Related Idea:
If the trends during Bitcoin's previous halvings tell anything, it's in the ~12 months following, Bitcoin prices experience a rapid bullish cycle. This cycle seems to proceed after a dip. I'm guessing this is a good place to accumulate more. This is all a guess. Let's be real, the halvings only happened twice. It's not enough evidence for a pattern. But if history rhymes, it looks like a breakout of this triangle around May 2021.
Coincidentally, the triangle formation ends about 12 months from the halving. I *hope* for a breakout by this point. The next peak would tower over the last one.
Thanks for checking out my chart astrology =) Let me know your thoughts.
If the trends during Bitcoin's previous halvings tell anything, it's in the ~12 months following, Bitcoin prices experience a rapid bullish cycle. This cycle seems to proceed after a dip. I'm guessing this is a good place to accumulate more. This is all a guess. Let's be real, the halvings only happened twice. It's not enough evidence for a pattern. But if history rhymes, it looks like a breakout of this triangle around May 2021.
Coincidentally, the triangle formation ends about 12 months from the halving. I *hope* for a breakout by this point. The next peak would tower over the last one.
Thanks for checking out my chart astrology =) Let me know your thoughts.
www.bitcoinblockhalf...in-halving-chart.png