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Bitcoin entering the belief phase

lieutenantdan - 2024-10-05 18:41:39

Bitcoin following the market cycle pretty well


Things tend to move in a predictable fashion.


It doesn't matter if it is a tech stock, bitcoin, or orange juice futures.


The chart patterns are all similar in the markup and markdown phases.


The hype cycle looks something like this:



(Source: https://x.com/thescalpingpro/status/1842497458200527047/photo/1)


The parabolic portion of the move appears to be coming very shortly.


Here's to hoping it happens soon!


I suspect we may have to wait until after the election but the chart says it could come at any time now.