It looks like the bullish market started several months ago.
I'm not sure which indicator this guy used. But, it seem that the green line is a moving average like 120D EMA. When this indicator occurred golden crosses, bullish markets started.
By the way, it looks like there is a pattern of an arithmetic progression. The 1st bullish market had lasted for 700 days. The 2nd bullish market had lasted for 784 days. The 3rd bullish market had lasted for 924 days. It seems that the period of bullish market increased, and there seems to be a gap of around 100 days.
Therefore, my assumption is the 4th bullish market would also last around 1,000 days. It's approximately 2 years and 9 months. If so, the 4th bullish market would likely end by the end of 2025.
No one knows what extend the crypto market will overheat. I hope the 4th bullish market won't end the end of 2024 due to Korean crypto tax issue.
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Hey @happycapital,
Your deep dive into the patterns of the bullish market truly caught my attention! The way you've highlighted the arithmetic progression of bullish markets reminds me of my early days in crypto, where I'd spend hours trying to decipher patterns and predict the next big move. Your observation about the increasing duration of each bullish phase and the potential 100-day gap is something I hadn't considered before, and it's given me a fresh perspective.
I'm also intrigued by your mention of the Korean crypto tax issue and its potential impact on the market's trajectory. With the ever-evolving landscape of crypto regulations worldwide, it's always a challenge to forecast how such external factors might influence the market.
Reading your analysis felt like revisiting my first exhilarating roller-coaster ride in the crypto world. And speaking of predictions, here's hoping the 4th bullish market surprises us all in the best way possible! 😄
Keep up the fantastic work, and I'm eagerly awaiting your next analysis. Cheers!