herblock

..ame to miss out.Bitcoin needs to reach a 60 day cycle high above $90k AND close the next 60 day cycle above ~84k to stand a chance at keeping hopes for a right-translated cycle alive.Failure to do this will make the previous top of $109k look much stronger as the left-translated cycle top and crush many dreams.Even if momentum for a right-translated top stays alive through these targets in the 60 day cycle, most people are delusional calling for highs of $169k - $250k, these expectations are baked in and will likely not be reached--too much complacency on these price targets. If we do see a right-translated cycle top towards November of this year, it's likely the top will be just barely higher than previous ATH and crush many expectations. Many will fail to take profits and will get stuck bag-holding for 4 years.

The +4std and the -2std iq crowd are currently shaking hands in agreement that the cycle is right translated and will top in Nov-Dec 2025.These people are most probably correct, however...Here's the +1std iq (midwit) take: last top to bottom was left translated by over a year117 months from Dec 2017 top to Mar 2020 bottom52 months from Nov 2021 top to Nov 2022 bottomlast bottom to top was left translated by 35 weeks122 months from Aug 2015 bottom to Dec 2017 top87 months from the Mar 2020 bottom to the Nov 2021 cycle top If we were to see the same type of left translation of 35-60 months after the Nov 2022 bottom, we would have seen the top already between Jul 2024 and Dec 2024 meaning :either 99.9k was the left translated top in Nov 2024 and we're about to enter the downtrend part of the cycle....OR..it's right translated and is going to top next Nov..p.s. just to validate my credentials here as a midwit, I meant to use the btcusd coinbase chart but accidentally used bitfinex and didn't want to redraw all the lines.Happy Thanksgiving