I have been counting on 4 cycles of bitcoin reduction after the last four storms and discovered a pretty unexpected rule. I do not think that's a random overlap.
"How to catch the bottom of the cyclone of the bitcoin in the storm"
The problem is based on the data on Poloniex:
January 5, 2017: The peak of Bitcoin is $ 1159
January 11, 2017: the bottom is $ 751.
=> If $ 751 / $ 1159 = 64.8%. Reduce by 35.2%
March 3: The peak is $ 1365
On 25-03 bottom is $ 888
=> Get $ 888 / $ 1365 = 65%. 35% off
Day 25-05 peak is $ 2698
May 28th bottom is $ 1508
=> Get $ 1508 / $ 2698 = 55.9%. Reduced by 44.1%
But on the top bitfinex floor is: $ 2690 bottom is $ 1800
=> Get 1800 $ / 2690 $ = 66.9%. Decreased by 33.1%
25th floor of bitrex on 25th May: peak is 2584 $, bottom is 1749 $
=> Get $ 1749 / $ 2584 = 67.7%. Reduced by 32.3%
June 11th peak was $ 2977
June 15th bottom is $ 2012
=> Get $ 2012 / $ 2977 = 67.6%. Reduced by 32.4%
According to the analysis of the above analysis, people have also seen Bitcoin will decrease by 32% -36% after four storms from the peak. So four storms are out so we can see it is the law of whale reduction.
Often the whale will rely on news to excuse that discharge. As yesterday's discharge was based on the news Bitcoin segwit.
Let's use the above formula to apply for the next storm.
The above is just an unbiased opinion that I am analyzing on specific figures and you can believe or disbelieve. Finally thank you for taking the time to read my article.
