Bitcoin and the stock markets are both in a similar structure and macro-economic situation as in 2018 - 2019. Back then this led to a #Bitcoin pump when stocks were capitulating. A new Bitcoin pump soon?
A THREAD on this comparison 👇
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Yesterday a tweet caught my attention. Apparently stocks are following a same pattern right now as in 2018. A similar setup led to a capitulation in the stock markets. Lots of indicators are also the same. This capitulation could happen again soon
Are we going to see a big #Bitcoin pump soon when the stock market possibly capitulates in the upcoming weeks??
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What's even more interesting if this setup plays out, #Bitcoin and stocks could possibly have again a positive correlation in the spring / summer when stocks try to recover again. This means #Bitcoin could keep on moving up
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Finally I also wanted to share this remarkable onchain similarity
In this short thread I share valuable insights in the mid term and long term market structure for #Bitcoin & #Altcoins
Every #Bitcoin bull market / parabola has 3 consolidation stages. The further the bull market progresses, upwards pressure increases, the more these structures start pointing upwards
Bitcoin is now in the neutral stage. The rising wedge is the structure before the final run
The rising wedge before the top also happened in other markets such as the Dow Jones in the 20's and the during the Dotcom bubble of the NASDAQ
They were almost aligned in 2017, but are now shifting apart. I believe #altcoins will peak before #Bitcoin.
These are the patterns I'm looking at right now to have an idea where altcoins and Bitcoin could be heading to.
#Altcoins are in the hype phase, like Dotcom bubble Nasdaq and Bitcoin 2010-2014
#Bitcoin is now its lifoff phase following Gold 1999-2011 in the same phase
The NASDAQ pattern is an interesting example for #Altcoins because both are 2 hyper-innovative techmarkets with an enormous size. Because of the size and same characteristics it wouldn't suprise me that history will repeat, like it always does
In this thread I am dissecting the #Bitcoin price with a ton of insights. I will also share my vision where the Bitcoin is heading and how the Bitcoin price will behave in the future!
2/ The basic thought throughout this thread is this. When you are looking at the #Bitcoin price you are looking at a superposition of investment behaviors. This way I identified 3 major layers. The Bitcoin price is the combination of 3 layers or behaviors
3/ Layer 3 is the base layer. Over time the world will adopt the #Bitcoin network. Layer 3 is about this adoption. This adoption is similar to the network adoption of e.g. the internet or Facebook. Layer 3 is the main support of the bitcoin price (bottom chart @raoulgmi)
Who's ready for an insane #altseason?
A short thread about how #Bitcoin is right now setting up for a historic altseason and second part of cycle
Most people do not realize Bitcoin is still very early in it's cycle. Compared to last cycle, crypto is now between what I call wave 2 and 3. Wave 3 in 2017 happened in the spring of 2017 with an insane altseason and alts outperforming #Bitcoin
In this thread I explain in an easy way the importance of understanding signal and its energy. Conceptual thinking in terms of signal and energy will give you deeper understanding of Bitcoin, the (crypto) markets and indicators
2/16 What is a signal actually?
A good definition for a signal is: “meaningful information that you are trying to detect”
The part that is not signal, one calls noise: “random, unwanted variation or fluctuation that interferes with the signal”
3/16 A signal can take on many different forms. Any type of quantity can be a signal
1/50 Bitcoin 550k – 820k cycle top prediction
In this thread I share my analysis and a realistic scenario how Bitcoin could possibly go to 550k-820k this cycle between Sep 2022 - Apr 2023 because of its characteristic 4 wave pattern, top lines and lengthening cycles playing out
2/50 The previous picture was Bitcoins 4 wave pattern. Underneath you see bitcoin price prediction with the top lines and Fibonacci extension. All will be explained in this thread