“Cyclical Nature Of Bitcoin” Could Provide Clues On Continuation Or Correction

Just hold strong and have faith in this; and buy as much Bitcoin as you can safely afford as often as possible.

“Cyclical Nature Of Bitcoin” Could Provide Clues On Continuation Or Correction

The idea that markets are cyclical and can top or bottom at specific dates isn’t a new one. Legendary trader William Delbert Gann made a name for himself by combining geometry and astrology to time tops and bottoms in markets or when important inflection points might take place.

Gann noticed that tops and bottoms take place often in December in the commodities market, especially during the astrological event, “Sun conjunct retrograde Mercury in Sagittarius,” according to his Wikipedia page.

His tools are used today, although aren’t very popular with the crypto crowd. But after putting his market timing technical analysis tools to the test, the results are quite shocking and line up with Swift’s cycle-based theories above. However, it still doesn’t help much with direction.

Full article with charts here: https://www.newsbtc.com/analysis/btc/cyclical-nature-of-bitcoin-could-provide-clues-on-continuation-or-correction/

 

 

Master Asked on December 4, 2020 in Bitcoin.
Add Comment