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1/ This log log regression curve I shared a few days ago absolutely nailed the bottom (assuming we have bottomed which is looking increasingly likely).

It is a really useful tool in helping to keep big-picture context when everyone is fearful.
2/ Zoomed out you can see it is the absolute king of regression curves.

Big shoutout to @ColeGarnerBTC who originally shared it with me🙏

If there is interest I may add it to lookintobitcoin.com/charts/ soon with a few extra bonus elements that would be useful for investors.
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Philip Swift
@PositiveCrypto
THREAD: 

$BTC: On-chain and market cycle update 

TL:DR - Bull market is close!
1/  Price is aggressively bouncing off the 350 day moving average after a retest.

Why is that important...
2/ Price moving above the 350DMA has always indicated the start of Bitcoin bull markets. 

Unusually we just came back to retest it - the price we pay for going up too high back in May this year.  Thanks a lot Plustoken crew!
Read 11 tweets
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Philip Swift
@PositiveCrypto
1/ $BTC scenario planning:

Touching the 200DMA yesterday was strong bull market support. 

Decent chance we bounce from here...but if we don't it's worth looking at what is probable if we brake down again.
2/ This red candle lines up with the 0.618 which I believe would act as very strong support, given we are in a bull market. 
Shoutout for @filbfilb for pointing out the 0.618 to me when we were talking earlier.
@filbfilb 3/ *IF* we got down to that level, it would also align with a retest of the two year moving average, which I have tweeted about previously.  This is an old chart that shows it retesting in previous cycles.
Read 5 tweets
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Philip Swift
@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)
Read 9 tweets

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