Bitcoin's 2024 Cycle Top: 3 Peaks and a Domed House
Tops are never easy to call. The Bitcoin cycle top won't be the same as the previous one. It appears that the cycle tops so far are:
The gods are rotating all the classic patterns
- 2017 Cycle Top: Classic Blow Off Top.
- 2021 Cycle Top: Double Top.
We posit that the current Bitcoin macro cycle will end early and December 17th, 2024 at 108K was Bitcoin's Cycle Top.
The topping pattern this cycle will be 3 Peaks and a Domed House
Reasons
- It's Bitcoin. An 80 vol asset. It can do anything which is actually a feature.
- Did you really think Trump cared about Bitcoin? Thanks for your votes, and he gave you 100K. You're welcome.
- No Bitcoin Strategic Reserve. Imagine thinking it will be passed by Congress.
- MSTR DCA price is a target at 62K is a taret.
- Bitcoin ETF buyers think it will be UP ONLY for them? They need to experience a large bear market shakeout and start calling Bitcoin a Ponzi scheme to truely earned their stripes.
The gods are rotating all the classic patterns
- 2017 Cycle Top: Classic Blow Off Top.
- 2021 Cycle Top: Double Top.
We posit that the current Bitcoin macro cycle will end early and December 17th, 2024 at 108K was Bitcoin's Cycle Top.
The topping pattern this cycle will be 3 Peaks and a Domed House
Reasons
- It's Bitcoin. An 80 vol asset. It can do anything which is actually a feature.
- Did you really think Trump cared about Bitcoin? Thanks for your votes, and he gave you 100K. You're welcome.
- No Bitcoin Strategic Reserve. Imagine thinking it will be passed by Congress.
- MSTR DCA price is a target at 62K is a taret.
- Bitcoin ETF buyers think it will be UP ONLY for them? They need to experience a large bear market shakeout and start calling Bitcoin a Ponzi scheme to truely earned their stripes.
Trade active
The trade is still active. A new point 25 was printed last week, but the Dome House remains intact. Short all pumps going forward.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.