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BullishBanter
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4 YEAR CYCLE THEORY - Debunked...
PICK 1 Chart Below..
top chart
BTC/USDT - "Btc must go down every 4 years during a US midterm year... reasoning, because it always happens"
bottom chart
BTC/XAU (gold) - "Btc bear market vs gold must last 1 year... reasoning, because it always happens"
Conclusion..
For those of you that can check the charts below, you will see that BTC/ Gold has already spent 53 weeks in a bear market to reach a bottom on 23rd of Feb.. If BTC/usdt was truly going much lower this year, btc/xau would go down too and this is something different from 'every time it happens' ... therefore not doing what it did 3 times before....
one of these charts has to be wrong for the other one to "always happen" to me it looks like BTC/XAU bottomed nearly 2 months ago.... same as btc/usdt... there are so many macro reasons as to why this is a longer cycle.
I just wanted to debunk the single argument of 'it always happens' when really, there are only 3 data sets.... what are your thoughts?? Does this make sense?
PICK 1 Chart Below..
top chart
BTC/USDT - "Btc must go down every 4 years during a US midterm year... reasoning, because it always happens"
bottom chart
BTC/XAU (gold) - "Btc bear market vs gold must last 1 year... reasoning, because it always happens"
Conclusion..
For those of you that can check the charts below, you will see that BTC/ Gold has already spent 53 weeks in a bear market to reach a bottom on 23rd of Feb.. If BTC/usdt was truly going much lower this year, btc/xau would go down too and this is something different from 'every time it happens' ... therefore not doing what it did 3 times before....
one of these charts has to be wrong for the other one to "always happen" to me it looks like BTC/XAU bottomed nearly 2 months ago.... same as btc/usdt... there are so many macro reasons as to why this is a longer cycle.
I just wanted to debunk the single argument of 'it always happens' when really, there are only 3 data sets.... what are your thoughts?? Does this make sense?
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