Thread by @PositiveCrypto

1/ Introducing: The Golden Ratio Multiplier.

A new tool that helps us understand the cyclical patterns of Bitcoin adoption.

In doing so, it identifies intracycle AND full market cycle price tops, therefore providing a very useful risk management tool.

medium.com/@positivecrypt…

2/ The article starts by noting how the 350 day moving average has acted as an axis for Bitcoin's major market cycles - once we break out, a new $BTC bull run begins.

3/ The new insight begins when that important moving average is multiplied by key numbers: the golden ratio (1.618) and numbers in the Fibonacci sequence (1,2,3,5,8,13,21)

4/ In doing so we are able to pick out almost all the major intracycle price highs in Bitcoin's history (coloured lines) AND each market cycle top (dotted lines).

See 2015-17 bull run as a clear example of the MA multipliers acting as major resistance at the intracycle highs.

5/ Note: the article looks at each line, in turn, allowing us to see their accuracy in greater detail.

6/ In summary, the tool:
a) provides valuable take profit indication whenever price first hits one of the 350MA multiples.
b) shows the next market cycle top will be when price hits 350MA x3.
c) uncovers the mathematically organic nature of Bitcoins adoption curve market cycles.

7/ I am grateful for article feedback and input from some very smart individuals in this space: @woonomic, @filbfilb, @Travis_Kling, @100trillionUSD

8/ Here is a link to play around with the free live chart:

philipswift.pythonanywhere.com

I hope you enjoy using it! 🙏

9/ P.S. There is a bonus section in the article that uses the MA multiples to pick market cycle tops to within 3 days.