Plz zoom out as much as you can
As you know halving takes place every 120,000 blocks are mined, 4th halving will take place as soon as the 840,000th block is mined
I came to 3 different possible dates of the 4th halving, the mean of them is ARP.19.24 & 1430 days of cycle; roughly
As if today 2/23/2022 725,000 blocks are mined, 45% mark from 630,000 to 840,000 and 55% to go.
I have highlighted every hash ribbon buy signal and squared up when rsi is above 50.00 line during bull run to ATH.
As you can see hash ribbon buy signal is a great bottom catcher, we essentially never see the price again after the signal flashed
The last signal appeared during the china mining ban.
I say 30k+ will be a very strong support if we ever see that price again.
As of the previous cycles, we saw increase in days of the bullrun after halving and increase in halving cycle days.
Therefore, I would assume we do the same in this cycle. We saw crazy adoption and main stream publicity the previous years.
If 65k is the peak of the cycle, I think its alittle short interms of days in the halving cycle.
I think it just the overall market and political policies that are slowing down the market.
Expecting straight shot to the moon like previous cycles seems too good to be true.
I will post another analysis in the same way, but in terms of percentage increase with the halving cycle
As you know halving takes place every 120,000 blocks are mined, 4th halving will take place as soon as the 840,000th block is mined
I came to 3 different possible dates of the 4th halving, the mean of them is ARP.19.24 & 1430 days of cycle; roughly
As if today 2/23/2022 725,000 blocks are mined, 45% mark from 630,000 to 840,000 and 55% to go.
I have highlighted every hash ribbon buy signal and squared up when rsi is above 50.00 line during bull run to ATH.
As you can see hash ribbon buy signal is a great bottom catcher, we essentially never see the price again after the signal flashed
The last signal appeared during the china mining ban.
I say 30k+ will be a very strong support if we ever see that price again.
As of the previous cycles, we saw increase in days of the bullrun after halving and increase in halving cycle days.
Therefore, I would assume we do the same in this cycle. We saw crazy adoption and main stream publicity the previous years.
If 65k is the peak of the cycle, I think its alittle short interms of days in the halving cycle.
I think it just the overall market and political policies that are slowing down the market.
Expecting straight shot to the moon like previous cycles seems too good to be true.
I will post another analysis in the same way, but in terms of percentage increase with the halving cycle
Comment:
oops i meant 210,000 blcoks
