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2/ To assess when the next #altseason peak will happen, I’ll be looking at charts of #Bitcoin, #Ethereum and the dominance of #altcoins of the different past altseasons. By aligning them “correctly” structure-wise, I found this provisional target zone when the peak should happen
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 soonhttps://twitter.com/chamath/status/1500913653297549312
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
#Altcoins are in the hype phase, like Dotcom bubble Nasdaq and Bitcoin 2010-2014
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
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 #Bitcoinhttps://twitter.com/BTCfuel/status/1482777129465126926
2/16 What is a signal actually?
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