Truth in ☯ .... the Middle
'Signs and Symbols control the world, not phrases and laws. - Confucius'
'Signs and Symbols control the world, not phrases and laws. - Confucius'
The current Bull run of 2021 looks to be in full flow now Bitcoin has broken another all time high (60K) and may go on to surpass the 100k barrier during the current market phase. However all good things must come to an end and so we are now going to look at some other charts that give us clear indicators, based upon previous market phases of when a bull run is coming to an end.
All three charts can be found on lookintobitcoin.com.
Let's firstly look at the '2-Year MA Multiplier'
We can clearly see that at the end of each previous bull run when our adjusted 2 year moving average crosses the BTC price, it is only a matter of around a month before we hit our cycle peak.
Now lets look at the 'pi-cycle'
This time we can also see that when our 111 Day Moving average crosses the 350 Day (x2) moving average it coincides exactly with our cycle peak.
Finally we have our 200 Week Moving Average Heatmap
This time we have a heatmap chart which is comparing the price of Bitcoin with its 200 week moving average. As Bitcoin get's further away from the moving average our dots start to 'heat up' and as you can see when they are red we are close to, or at, out market top.
Conclusion: While previous signals are not necessarily an indicator of future events, it does seem that if we get all three signals, indicating the end of the market cycle, it might be time to execute your exit strategy, whatever that may be...