#CTM
#Bitcoin
Meta Model invalidated ❌
This model correlated for 6 months, but is now well out of bounds. Bitcoin simply needs more time to confirm a new ATH as shown in other models I’m tracking. Know when to fold ‘em 😊
All models are wrong, but some are useful. NFA & DYOR
@hurricanetrack
Hurricane Andrew went from struggling for life and not impacting the US, to a strengthening storm aiming for the treasure coast, to a category 5 monster hitting 180 miles south in Homestead in just 36 hours.
While forecasting is better, be prepared for unexpected
Bitcoin’s current 4-year cycle remains eerily similar to the 2012 4-year cycle, with the current cycle hitting the same fib levels on a longer timeframe. Coincidence?
#CTM
Meta Model exiting low probability zone. I’m not worried as the model is 3 to 4 days behind from the China ban. If this model does break, then
#CTM
will pivot to a new model.
I remain bullish based on current PA and blockchain data.
Have a great weekend!
#CTM
Meta Model for
#Bitcoin
still within range. A move to $58K would bring price into high probability range. Note that price was rejected by S2F, but is now using it as support.
@100trillionUSD
said institutions like to play S2F zones. Perhaps this is such a play.
The
#CTM
modeling team has updated the Bitcoin Meta Model by removing the 2012 to 2016 correlation transition model to better align with models from
@irandall13
and
@JesseOlson
that
@jclcapital
has been presenting.
Last week, a gentlemen paid our restaurant bill when we asked how he was doing. Today, we paid it forward by randomly paying a woman’s bill. We then witnessed that women pay it forward to another woman who had lost her husband. We were all in tears. Do good. Pay it forward.
#CTM
Meta Model for
#Bitcoin
with S2F and prior cycles off.
The model remains in high probability after yesterday’s pullback, and shows a ~$10K sideway trading range through end of October.
#Bitcoin
PA obeying several clones of the 2020 breakout trend line that began the the current bull run. The latest clone shows a
#CTM
style breakout and retest in progress. A resumption off this trend would be bullish based on prior resumptions.
@BritishHodl
I cannot lookup symbols in the buy interface for any of the new ETF’s through
@MerrillLynch
. I can search successfully in research, but clicking buy produces the warning below
FWIW, Merrill has been blocking crypto assets for years. For example, they blocked $GBTC pre-ETF
Bitcoin‘s PA has rejected this trend several times since the China mining ban black swan. A break above could initiate Bitcoin’s next parabolic run. Eyes open
#CTM
team!
@JesseOlson
@jclcapital
@irandall13
Yep. I’ve been playing around with the meta model and have noticed it’s about 3 days behind. Shifting it, aligns the wave 1 low just like above, and interestingly, sees the 2016 cycle hit the ATH on the 18th (ETF approval, Evergrande default, and a few other minor alignments)
Tweets about Bitcoin offered the same peak warning in the last cycle as Google Trends. Thanks
@TechDev_52
for your Google Trends insight.
#Bitcoin
$BTC
#CTM
I’m publicly apologizing to
@intocryptoverse
for my attempt to measure performance of target price using geometric mean, making it appear below par.
In that light. I’ve decided to remove the tweet, and regroup. Thank you Ben for your feedback.
#Bitcoin
The
#CTM
Meta Model for
#Bitcoin
was accurate in predicting the end of wave 1, coming out of the mid-cycle shakeout. Thank you those noted in the model’s credits.
The
#Bitcoin
geometric mean aligned and scaled to the ATH break shows a pullback and good things to come.
History doesn’t repeat, but it can rhyme. Don’t use this for short-term trading
#Bitcoin
#CTM
Meta Model running 2 days behind.
This model based on prior cycles was set in early July, and has not been adjusted since. Be ready to pivot if PA becomes decorrelated.
All models are wrong, but some are useful. DYOR. NFA.
The S&P 500 priced in Gold is fighting the 1967 peak. Yes, you read that right, 1967. Unfortunately, this chart demonstrates US dollar debasement quite well.
Fib arcs & channels estimates late 2030’s as the next macro top.
#Bitcoin
should be greater than $1M by then.
Current
#Bitcoin
price action is tracking the geometric average of last 3 Bitcoin cycles.
White is geometric average, yellow is current price, light green is +/- 1 standard deviation and dark green is +/- 2 standard deviations.
#CTM
meta model for
#Bitcoin
running just south of high probability range, and should re-enter the range after today’s close. The model suggests PA should crawl sideways through close of October.
Study markets
Don’t worry why prices move
Strategize trades before trading
Sit idle while winners run
Know & trust thyself
Follow the trend
Study trader psychology
Accept market teachings
Cultivate patience
Reminiscences of a Stock Operator
Jessie Livermore
#CTM
#CTM
Meta Model for Bitcoin with all other models hidden except for Wave 1 (listed as Mid-Cycle Dip) and Wave 2 (listed as Custom) models.
The
#CTM
modeling team currently has the Wave 2 model hidden in the Meta Model, but may unhide it based on PA.
Prior
#Bitcoin
cycles have dipped after the halving as shown by the one geometric standard deviation dip to $47,791 on Aug 29
I use this chart to validate positioning in the cycle by expecting Bitcoin to reside within 1 standard deviation most of the time
#Bitcoin
retesting support from the 100D SMA and the S2F RMSE band with additional support just below at $52K from bull market support band. Order books show a sell wall at $55K and buy walls as $53K and $52K. Looking good for a turnaround, but I’d wait for the downtrend breakout
If
#Bitcoin
topped in 2021, then capitulation should occur soon based on historical performance. Interestingly, however, price is exiting historical performance to the upside. Perhaps volatility is now compressed due to institutions or this was not a top. Something to keep 👀 on
Wow, making Fourier series animations turns out to be super fun. Not exactly original at this point, but so lovely! Any shapes/figures you'd like to see show up in a video?
Looks like a monthly close greater than $60K will happen as supported by current support/resistance trend lines on the 8 hour chart. Bullish!
#Bitcoin
#CTM
Money printers are switching on across the top 10 largest countries by balance sheet, causing a positive inflection in global balance sheet size.
Expect
#Bitcoin
and other risk assets to melt up when the global balance sheet downtrend breaks.
Good things happen when
#Bitcoin
closes above the 350 DMA of the PiCycle. Average of prior cycles:
To first pullback: 68% up over 23 days
To PiCycle top: 800% up over 198 days
Assuming a $70K close today:
To first pullback: $117K on 2-Apr
To PiCycle top: $630K on 24-Sep
#CTM
Meta Model will return to high probability once
#Bitcoin
nears and breaks the ATH. The model provides a 14 day window from 18-Oct for this break to occur.
@jclcapital
Assuming the current model holds, the bear low should be $65K, but could range anywhere from $56K to $90K. Conversely, this suggests a top between $311K to $600K assuming a 82% to 85% drawdown.
#Bitcoin
#CTM
Update of
#Bitcoin
bear market tracking. Today Bitcoin was supposed to capitulate. Each day further away from the average and standard deviation of this model adds to its invalidation. Remember, all models are wrong, but some are useful.
Here is the geometric mean of prior
#Bitcoin
cycles aligned to the April 2021 top.
On-chain metrics and the Pi-Cycle indicate the 2020 cycle top occurred in April 2021 versus the ATH in Nov 2021.
My conversation with
@balajis
is now live.
We discuss the current banking crisis, why he thinks the dollar is in trouble, and the logic behind his $1 million bitcoin bet.
Balaji believes he is acting as Paul Revere that "the printing is coming!"
#Bitcoin
running hot against the geometric mean of prior cycles.
This chart is a geometric mean of history and is not a prediction. I use it to verify cycle similarity rather than develop price targets as Mr. Market penalizes certainty.
NFA DYOR.