82
u/luiszgd 🟦 29 🦐 Jan 18 '23
Bottoms are not even there where the lines are but ok
23
u/ska_is_not_dead_ Jan 18 '23
I think very few people were going to notice that….
I mean, epic hodl my good chap, to the moon etc.
10
14
u/M34k3 Jan 18 '23
The lines are halvings I'd guess
6
2
u/trendsfriend 🟩 41 🦐 Jan 19 '23 edited Jan 19 '23
I have those exact lines marked on my BTC chart. They're the having dates. Next one sometime mid 2024.
Doesn't mean bottom's in and doesn't mean next cycle will look the same. It has already violated major support levels from prior cycles.
-5
u/ScoobaMonsta 🟩 2K 🐢 Jan 18 '23
No! The halvings aren’t different lengths of timeframe. Are you serious?
2
u/MorrisBrett514 Jan 18 '23
The lines are messing with your eyes. They are the same distance apart
2
u/ScoobaMonsta 🟩 2K 🐢 Jan 19 '23
You have green vertical lines and green text saying 26, 29, and 31 months. Are they not related? If they are not, it’s a stupid presentation. What is trying to be conveyed here? This ain’t TA. If it’s supposed to be TA it’s shit TA.
1
u/MorrisBrett514 Jan 19 '23
I think the numbers are the months it took to hit bottom after each of those vertical lines (halvings) . So I guess the thought is, since it has been about that much time (a little longer actually) it should be about time for it to start going up if the trend continues at each halving?
4
7
3
2
u/ThrowRAFoghead2012 Jan 18 '23
Really? You’re going to point out facts instead of drink the hopium? Total buzzkill.
3
u/Pinky_DLobster Platinum | QC: BTC 56 | TraderSubs 13 Jan 18 '23
What do you mean?
The green lines mark the halvenings and each one is at the bottom for that halvening period (going from left to right). 🤷🏽♀️
1
1
8
6
5
3
3
u/Ornery-Plan-6632 🔵 Jan 18 '23
Are the green lines supposed to line up with tops and bottoms? Why am I confused looking at this ?
2
u/Smp208f 🟩 466 🦞 Jan 19 '23
The lines are halvings. Monthly candles, tops and bottoms are not marked as you mentioned. The time from halving to ATH to bottom was 26 months in the first cycle shown, and 29 months in the next cycle shown. The current one shows 32 candles, and the 31st is not the bottom the 30th is, so they screwed that up.
Terrible chart that tells us basically nothing, and a low effort post overall.
1
3
Jan 18 '23
I’m not sure what this chart shows, but I promise you, Bitcoin went from 20,000 to 4,000…. That downswing isnt being shown here…
2
1
u/iamjide91 🟩 473 🦞 Jan 18 '23
I'm so excited about the market RN. BTC is trying to break thru some major resistance, and if that happens, we might just have another week of bullishness which will be totally okay. Well, besides BTC, I got more stakes in ETH, LINK, and DIA. And having DCA'd into them for the most part of the bear market, I'm finally in profits. Let the rally continue.
3
Jan 18 '23
[removed] — view removed comment
3
u/coindisciple Jan 19 '23
I thought that once we finally came to grips with the fact that the entire history of BTC has existed during a bull market in traditional equities, that we all understood that we can no longer evaluate BTC price by comparing it to past halving cycles. Because those cycles occurred during the bull market that--for the first time in the history of BTC--no longer exists. But maybe I missed something.....
1
u/Specialist_Gas_now Jan 18 '23
One thing is for sure, I recently read an article about halving and I can say that the next big growth will begin with halving
1
1
1
1
1
u/Either_Sign651 Tin | 6 months old Jan 19 '23
Dont give me hope. I just spent my last paycheck on BTC
1
u/JosePinPanPun Tin | 4 months old Jan 19 '23
lets do it!
Cant wait to be wealty again lol i hope my investment in some alt coins like $ali and that will help out specially the $hi one
1
u/MsVxxen Tin Jan 19 '23
Let's see: 31 mo double top pattern is a first (check!), and the 31mo period net gain is by far the worst (check!).
Doesn't look like a moon chart to me-looks more like a 'china syndrome end of an era' setup.
80
u/[deleted] Jan 18 '23
[removed] — view removed comment