Cycle Analaysis on Bitcoin
Still room and time for another new high in this 60-day Cycle. But looking at volume on recent peak i would be skeptical. Alt-coins seem to also be exhausted.
Chart Numbers correspond to:
1. End of prior Cycle - Capitulation Volume.
2. 10 days into new Cycle, realization phase, massive buy volume and short-covering.
3. Strong buy volume to "logical" top, smart money exits.
4. Low volume top, smart money not buying.
5. Likely to see more selling and covering of leverage longs.
6. Like #1, capitulation selling volume.
Chart Numbers correspond to:
1. End of prior Cycle - Capitulation Volume.
2. 10 days into new Cycle, realization phase, massive buy volume and short-covering.
3. Strong buy volume to "logical" top, smart money exits.
4. Low volume top, smart money not buying.
5. Likely to see more selling and covering of leverage longs.
6. Like #1, capitulation selling volume.
Feragatname
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