#bitcoin
halving regression - The red line is calculated solely on the 3 prior halving prices. The white dotted lines marks the next halving price. I feel like I'm a bit out over my skis on this one. If so, let me know.
The get rich quick noobs get flushed. The MSM declares
#bitcoin
dead. The salty nocoiners take a victory lap. Those with a high time preference never learn. Same story, different epoch.
Sitting here waiting for taproot to activate thinking it’s time to follow more bitcoiners. If you DCA bitcoin hit like and I’ll follow you. No need to retweet or comment, just hit like. Go!
73 coins have appeared and fallen out of the Top 10. They averaged Top 10 status for 50 weeks but that's pumped up by Litecoin. The median is only 19 weeks. H/T
@lopp
Wanted: a chart that shows how long every crypto token that has made it into the "top 10" by market cap has remained in the top 10 before falling back out.
At this point in the prior cycle (red), I started evangelizing
#bitcoin
to anyone that would listen. The price was running from $2k to $5k. It then crashed to $3k and everyone gave me crap. Some of the same people are giving me crap about the drop from $64k. 🤷♂️🤦
When I first discussed
#Bitcoin
's 4-year cycle, it seemed a mere coincidence to many. There are many ways to compare the cycles but here is an overview to get started. Let's dive in... a thread 🧵👇 1/8
#bitcoin
chart thread starting with Yearly Candles /1
I've been MIA lately. The current algorithm hasn't been providing the dopamine I got used to. Here's a week of charts in one thread. Let see if the algorithm likes it. If you want me to post more, like and retweet.
"the vast majority of people in the world have not seen that (bitcoin log) chart"
@LynAldenContact
Seeing the Bitcoin log chart was one of my 'aha' moments and the reason I started posting Bitcoin charts. 6 years later...
#bitcoin
cycle bottom index - It's remarkable how similar the current cycle (white) is to the prior cycle (red). If this continues, it implies a peak of $350k with a drawdown back a price similar to today. Unlikely but who knows?
#bitcoin
New ATH Index
I've compared the cycles every way I can think of. This is the only one where the current cycle isn't significantly ahead of the 2017 cycle and it's still very bullish long term.
#bitcoin
halving regression - There are many
#bitcoin
regression curves but what if we excluded the blow off tops and crashes and ran it only on just the 3 halving prices? This is the result.🧵 /1
twice is a coincidence ✅
three times is a pattern 🛑
Remember, blow off tops are followed by 80% drops. No mania in Q4 2021 is bullish for 2022.
#bitcoin
#bitcoin
New ATH index - Comparing each cycle from where it broke above the previous cycle's ATH. I think it needs a better name but I can't come up with it.