, 9 tweets, 3 min read Read on Twitter
#Bitcoin

Thread pt 2

Highly unlikely for two seperate cycles to react the exact same way.

While a lot of comparisons could be made to the first green dot from my previous thread..

I had suggested that, cycle wise, the green dot could be moved further along.
As you can see, the circumstances have changed.

We have skipped the possible dip and look to be
at our next junction:

Upper half of the accumulation range.

Different path, same spot.
One thing I had noticed but hadn't suggested, was this:

Can we move the green dot over once more.

At the time the similarities in PA were too much to move it forward.

But circumstances have changed.
First thing we notice is there was a confirmed breakdown of the 11 and 22 EMAs.

And this new green dot was the first higher high above the 22EMA.

I'm sure people were bullish, and rightly so.
Fast forward to present and we see some obvious similarities.

Confirmed breakdown - long spell beneath - first higher high back above.
Okay coincidence. This time is different.

Or.. is it?
We've now just jumped ahead 112 days in the cycle and are at 329 days after breakdown.

Here's what happened during those 329 days:

- Extended breakdown below EMAs
- 64% further correction(not including wick)
- Break back above EMAs and price still down 47% from breakdown.
That 112 days lost throws off the cycle right?

Maybe not.

You can see that we rewind 112 days and we still arrive from point A to point B.

But that's not all.

Let's zoom out a bit.
Notice anything?

The same order of events took no more and no less than 329 days.

And here's what happened during those 329 days:

- Extended breakdown below EMAs
- 66% further correction(not including wick)
- Break back above EMAs and price still down 47% from breakdown.
There's more to these coincidences... To be continued
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