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Leading the snake tail, last year it was leading and had the best market trend. This year it's the snake tail, with bull and bear alternating. Some people asked recently if we are at the end of this bull market cycle, because the weekly MACD is about to form a death cross.
First of all, there is no problem in using the weekly MACD death cross indicator to predict whether the Bull Market is ending. However, at present, the BTC weekly MACD has not yet formed a death cross, it's just that the trading volume is not as strong. The monthly MACD is very strong, with a hidden upward momentum and an increasing trend, indicating that there is still room for further new highs in the future. From the perspective of these two major indicators, it is not currently in the late stage of a bull run.
Then, looking at the patterns of the four halving cycles since the birth of BTC, it is not currently in a bull tail. The bull tails of each halving cycle usually end in the fourth quarter of the fourth year after the bear market (usually in mid-November) or in mid-January of the following year. The bear market of this halving cycle is in 2022, so the bull tail of this cycle will definitely be in mid-November this year. Because the halving time of this cycle overlaps with the previous one, the timing of the bull tail will also be very close.
ps: In the previous Bull Market, I accurately pinpointed the peak time of the Bull Market to mid-November 2021, 8 months in advance.
There are several coins with their own halving cycles, different from btc. For example, LTC, ETC, among them, LTC's halving is about half a year earlier than btc, so its Bull Market peak generally arrives half a year earlier than btc's peak, that is, the peak of LTC in this Bull Market is expected to reach around April-May, and there will be no new highs afterwards. ETC is around June. Doge is also around April-May. These are not completely synchronized with btc and eth, so pay attention.