Bitcoin 2017 Cycle Lessons Learned for Projecting 2021 Target
Possible Indicators / Patterns / Observations
1. BTC stayed close or below its $5.675 stock-to-flow target
2. There were 3 up and 2 down trend week groups to reach that target
3. dropping below the weekly Bollinger upper band seems to signal a downward retracement
4. downward retracement to Bollinger baseline possible
5. drawing the $19.6 ATH target give a great guide to track the development, however for the 2020/21 cycle we do not know the target.
Let me know if you would like more explanations. I tried to put the core of it into the chart.
Basically the idea is what can we learn from the last cycle as it is our only more reliable data point to look at.
How did it behave towards the expectations towards reaching its stock-to-flow target and was it in the same time frame?
Could we predict the parabolic curve Bitcoin will take in 2021 based on 2017?
What indicators can we use to know when there are buy-in / sell signals?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
1. BTC stayed close or below its $5.675 stock-to-flow target
2. There were 3 up and 2 down trend week groups to reach that target
3. dropping below the weekly Bollinger upper band seems to signal a downward retracement
4. downward retracement to Bollinger baseline possible
5. drawing the $19.6 ATH target give a great guide to track the development, however for the 2020/21 cycle we do not know the target.
Let me know if you would like more explanations. I tried to put the core of it into the chart.
Basically the idea is what can we learn from the last cycle as it is our only more reliable data point to look at.
How did it behave towards the expectations towards reaching its stock-to-flow target and was it in the same time frame?
Could we predict the parabolic curve Bitcoin will take in 2021 based on 2017?
What indicators can we use to know when there are buy-in / sell signals?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
