If you've heard that current on-chain data are totally dissimilar to past cycles, you'd see for yourself.
If we look at the #BTC's 14-day Delta Gradient metric, we can find similar patterns in the bull phases of 2021 & 2013.
It's hard not to be bullish! Cycle Peak ~Dec 2021.
If we look at the #BTC's 14-day Delta Gradient metric, we can find similar patterns in the bull phases of 2021 & 2013.
It's hard not to be bullish! Cycle Peak ~Dec 2021.
Notes:
1/
a. Market Gradient measures #BTC's market cap gradient
b. Realized Gradient measures BTC's realized cap gradient. Realized cap is the value of all BTC in circulation at the price they've last moved
c. Delta Gradient= Market Gradient - Realized Gradient
1/
a. Market Gradient measures #BTC's market cap gradient
b. Realized Gradient measures BTC's realized cap gradient. Realized cap is the value of all BTC in circulation at the price they've last moved
c. Delta Gradient= Market Gradient - Realized Gradient
1d. 14-day #BTC Delta Gradient measures the difference between the 14-day Market Gradient & 14-day Realized Gradient.
If this metric is positive, the price of BTC is on an uptrend (bullish) & vice versa
If this metric is positive, the price of BTC is on an uptrend (bullish) & vice versa
2/
a. By lining up the metric at #1 in 2013 & 2021, we can see a clear rhyming pattern of the #BTC Delta Gradient with 4 waves- 1, 2, 2a, 3 & 4
b. It took BTC 153 days to get from Wave #1 to its cycle peak in 2013. If this rhymes in 2021, BTC may peak in late Nov. to early Dec.
a. By lining up the metric at #1 in 2013 & 2021, we can see a clear rhyming pattern of the #BTC Delta Gradient with 4 waves- 1, 2, 2a, 3 & 4
b. It took BTC 153 days to get from Wave #1 to its cycle peak in 2013. If this rhymes in 2021, BTC may peak in late Nov. to early Dec.
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