Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Toxic2040
on 25/05/2021, 16:44:08 UTC
⭐ Merited by JayJuanGee (1)
Guys, hopium time.

Observe this graph:



On the X axis we have the dates relative to the last halving, for each era.
On the y axis there is the price relative to the minimum price for each era (lowest value is 1, by definition).


I am not a huge fan of fractals, but:

  • In the last few days we had a market drop, which almost exactly superimposes to a similar drop that we had on the precious era, on the same number for days after the halving.
  • If I read this graph correctly, the nice part of the rally is still ahead of us, and we still have a juicy 10x to go. 10x from here means around 380K. Not that far from the model valuation of the SXA model pointing to 288k
  • The market top was 390 days on era 1 (where we currently are, almost, on day 510 on era 2, let's say era 3 moves forward to 620. This conservative estimate means EOY market Top. Not bad.
  • As the maximum, also the minimum values is getting dragged farther and farther from the halving: meaning halvings are being priced more and more consistently





Nice post.. Pdiscard my sarcasm

+1 WOsMerit