$BTC Kumo Twist Cycle Comparison (Ichimoku Cloud).
In Bitcoin's history, whenever a green Kumo twist has occurred (red to green), price has went on a big run.
This is a comparison between the 2013, 2017 and 2021 cycles.
Bonus Alpha at the end 📚
In Bitcoin's history, whenever a green Kumo twist has occurred (red to green), price has went on a big run.
This is a comparison between the 2013, 2017 and 2021 cycles.
Bonus Alpha at the end 📚
🔹Disclaimer
This is just a comparison between the three cycles.
I thought it would be interesting to see how previous results would translate into the current state of the market.
This is just a comparison between the three cycles.
I thought it would be interesting to see how previous results would translate into the current state of the market.
Do not use this as a way to determine your targets or entries. It's just one indicator with a low sample size. Always use other things and your own common sense as confluence. 👍
Let's move on!
Let's move on!
🔹2013
In 2013, we've seen this happening for the first time, which send Bitcoin another +904% higher from the moment of flipping to green to the cycle top.
This took 11 weeks.
In 2013, we've seen this happening for the first time, which send Bitcoin another +904% higher from the moment of flipping to green to the cycle top.
This took 11 weeks.
🔹2017
In 2017, the entire run up, from the Kumo twist to the cycle top, ended up being a +2083% move up.
This took 50 weeks.
In 2017, the entire run up, from the Kumo twist to the cycle top, ended up being a +2083% move up.
This took 50 weeks.
🔹2021
Were 2021 to follow either of these trajectories. The imagine below would be the timeframe it would do it in and the height the $BTC price would end up at.
🔹$490K for the 2013 move.
🔹$1.08M for the 2017 move.
Were 2021 to follow either of these trajectories. The imagine below would be the timeframe it would do it in and the height the $BTC price would end up at.
🔹$490K for the 2013 move.
🔹$1.08M for the 2017 move.
🔹Do I think this is possible at all?
We can already see that the 2013 trajectory is lagging behind severely and I do not believe we will see such high valuations within such a short time period.
We can already see that the 2013 trajectory is lagging behind severely and I do not believe we will see such high valuations within such a short time period.
We have to keep in mind that the market is about 400x as big as in 2013 and about 50x as big as in 2017 at the time of the Kumo twist.
We can't expect such extreme and quick returns anymore.
We can't expect such extreme and quick returns anymore.
Even though I feel like it's way to early to talk about such targets, I do also realize we've seen this market do a lot crazier things and we can't ever say something is impossible with Bitcoin.
In due time, a $1M Bitcoin is very possible.
In due time, a $1M Bitcoin is very possible.
🔹Ichimoku settings
I know there are a lot of different opinions about what settings to use for the Ichimoku indicator and i'm definitely not an expert. Just for the sake of sharing it, these are the settings I used for this thread.
I know there are a lot of different opinions about what settings to use for the Ichimoku indicator and i'm definitely not an expert. Just for the sake of sharing it, these are the settings I used for this thread.
🔹Bonus Alpha Fun Fact
In 2015, the red Kumo twist occurred in the same week as that cycle's bottom on $BTC.
In 2018, the red Kumo twist occurred 2 weeks AFTER the cycle's bottom.
In 2015, the red Kumo twist occurred in the same week as that cycle's bottom on $BTC.
In 2018, the red Kumo twist occurred 2 weeks AFTER the cycle's bottom.
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