BTC large megacycles on monthly timeframe
This is just a quick chart to show that the monthly chart shows an interesting pattern in the stochastic RSI.
It is osciallting with a period of 4 years, what a surprise :) the halvings are also every 4 years, could there be any connection? Hmmm..... XD
If the last cycle repeats, I think we might be headed towards lows in 2019, an 87% correction as in 2014-2015 would yield a lowest low of 2600 USD, with a stable floor in 2019 around 4k.
End of 2019, the halving 2020 will already be propagated and I suspect therefore that BTC will start rising again in late 2019, same as it did in late 2015.
Target for the next megacycle is at least 100k per BTC, in 2021-2022.
It is osciallting with a period of 4 years, what a surprise :) the halvings are also every 4 years, could there be any connection? Hmmm..... XD
If the last cycle repeats, I think we might be headed towards lows in 2019, an 87% correction as in 2014-2015 would yield a lowest low of 2600 USD, with a stable floor in 2019 around 4k.
End of 2019, the halving 2020 will already be propagated and I suspect therefore that BTC will start rising again in late 2019, same as it did in late 2015.
Target for the next megacycle is at least 100k per BTC, in 2021-2022.
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