I saw this chart posted by Crypto Technical Analyst on LinkedIn showing the probability of when Bitcoin will bottom this cycle. As a crypto investor, I found this intriguing because it offers a clear prediction about timing. Timing is a major concern for anyone in the space. Driven by curiosity about its accuracy, I visited the site for more details.
The chart above is located on the Crypto Technical Analyst website.
Probability of When Bitcoin Bottoms
The chart, featured on the Crypto Technical Analyst website, shows that the odds of Bitcoin’s bottom are highest in October. According to the website, the window to watch is from October to January.
Questions
At this point, I have a lot of questions.
- Is the probability chart accurate?
- What are the odds of this guy being right?
- What data does he use for these charts?
Is the Probability Chart Accurate?
Let’s dive in and see if we can answer some of these questions I have. Starting at the top of the article titled, “When will Bitcoin Bottom This Cycle?” Crypto Technical Analyst says he uses a chart called the MVRV-Z, which has signaled the bottom of every Bitcoin cycle since the beginning.
This chart is available for download (hi-res) on the website, so you can zoom in on it. The green on the MVRV-Z chart represents the fair value of Bitcoin. I’m liking what I’m seeing here so far.
What we do not know by reading this one article is whether the MVRV-Z is the data he uses for the probability chart. After reading more on his website. Looks like he uses a bunch of data points that are built into the probability chart.
More Data
Read this article about: The Only Chart You Need to Trade Bitcoin and Win. I didn’t know trading Bitcoin could really be that simple. This article also aligns with his Bitcoin probability chart.
4-Year Cycle
Lately, I’ve been hearing a lot about how the Bitcoin 4-year cycle is dead. Crypto Technical Analyst says, “The Bitcoin 4-year cycle is alive and well.”
Conclusion About Crypto Technical Analyst
Go over and read through the website He’s got a bunch of recently published articles about Bitcoin. You can find all of the articles listed on the Bitcoin technical analysis page.
- When Will Bitcoin Bottom This Cycle?
- The Only Chart You Need to Trade Bitcoin and Win
- Bitcoin Gaussian Channel Chart Screams Bear Market
I’m definitely following this guy to see if his analysis is correct. Looks like he has a Facebook page too. If it turns out this guy is right, I will write another article showing how accurate his crypto technical analysis is.
And of course, if this guy’s right, we’re going to make him our go-to crypto technical analyst for the website. We need an analyst who knows what he’s doing. Who doesn’t? Crypto is volatile and hard to predict.