SHowing here the BTC / BLX chart in the monthly timeframe to show the entire available price range.
In the log chart, the price action follows cycles of breakout and consolidation. There have been 3 cycles so far, and we're getting ready for the 4th. Each breakout and consolidation looks like a bull flag in the long term log chart. The consolidation is 1/3rd of the breakout in the log scale.
Each bull flag is shorter and wider than the previous. The cycles are getting longer, and less wild. Looking ahead the next bull flag can take 2yr to the peak followed by a 2-3yr consolidation. WE're currently at the bottom of the next bull flag. At this stage, Hodling is the best strategy. Volatility is low at this stage, and big gains are going to come.
In the log chart, the price action follows cycles of breakout and consolidation. There have been 3 cycles so far, and we're getting ready for the 4th. Each breakout and consolidation looks like a bull flag in the long term log chart. The consolidation is 1/3rd of the breakout in the log scale.
Each bull flag is shorter and wider than the previous. The cycles are getting longer, and less wild. Looking ahead the next bull flag can take 2yr to the peak followed by a 2-3yr consolidation. WE're currently at the bottom of the next bull flag. At this stage, Hodling is the best strategy. Volatility is low at this stage, and big gains are going to come.