tradingj

Bitcoin 4 Year Cycle...Time to Accumulate

Long
BITSTAMP:BTCUSD   Bitcoin
Look at the 4 year cycle of Bitcoin. If history is going to repeat itself, we are very close the starting the next cycle. During the cycles, Bitcoin sees upward price action for 3 years with a parabolic run at the end. Then it sees downward movement for 1 year with capitulation at the end. Not sure if we've seen capitulation yet but we are close. So if this holds true, we could see sideways price movement until the end of 2019 before we gain traction. ALTS you ask?? Well it depends on bitcoin. If it goes sideways, that's good for alts. If it goes up it's very good for alts. Sometime at the beginning of the next cycle, we could see the next big alt run.

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