An update on my previous idea.

28 maj 2020

So I had set up this idea previously and I just stopped back in to see how it was playing out. Things seems to be lining up roughly with the curves. As the space matures and the volume gets more consistent over time the volatility will flatten out. We have passed the halving and I think we could be on the rise. If we stick with past trends we could see one more correction before a continuation of the uptrend. If you are trading on a macro view that isn't too big of a problem. It might be worth accumulating here, or you could hold out for one more correction. It's a chance either way. Either way, I think there is a very good chance that the next year will be kind to BTC. Sometime mid to late next year we would see our peak, which won't last long, probably less than a week. After that we see a correction and another multi-year bear market. Just as the growth is flattening out I expect the retrace to be slightly less volatile. That said it could still be 75-80%, but only time will tell. After that there should be another accumulation period and bull markets as we follow the roughly 4 year cycle. I expect this to continue to flatten over the next few cycles and long term I expect BTC to continue on an ever flattening uptrend.

But really, I am just some guy on the internet, what do I know.