Bitcoin Anniversary date: Reversal December 17th, 2018
Is the anniversary date of Bitcoin’s all-time high the reversal date? Anniversary dates are strong indicators of important highs and lows and there are strong confluence zones of important dates just ahead.
December 17th, 2017 and December 17th, 2018 could trigger a new trend
One of the ‘fathers’ of technical analysis, W.D. Gann, wrote extensively about time cycles and the importance of accounting for time as the primary agent of changes in trends. In addition to his grand cycles that last up to 90 years and the minor cycles that last decades, he talked about the importance of anniversary dates. Anniversary dates, Gann showed, were important to record and be cognizant of. He stressed this point because Gann found that the importance of highs and lows in the past often repeat that behavior in the future. For instance, if June 1st was an all-time high, then Gann would always look for swing highs or lows to be found on or around June 1st. And we have some of that behavior in Bitcoin’s chart.
December/January show important major swing
The all-time high of Bitcoin, $19,898 was made on December 17th, 2018 – almost one year ago. If we look to the past we can see that dates around December 17th have also been of historical importance. The first swing high on this chart was found on January 14th, 2012. Another major swing prior to the first major rally occurred on December 25th, 2012. One year from that date range, we saw the 1st major and important swing high in Bitcoin made on December 5th, 2013 – which coincided with the Mt. Gox debacle. The low for the nearly 450-day bear move was found on January 13th, 2015. The next important swing high was found on January 4th, 2017 – about one year before the all-time high that was found on December 17th, 2018.
How does that play into 2018’s move? I think it is important to look to the move lower from December 5th, 2013 to the swing low on January 13th, 2015. The price action, momentum and behavior of that move is very similar to what has happened in 2018. It is very probable that a major change in the trend could begin around December 17th. That date is also when the Venus Retrograde shadow is complete, the exact date of December 17th. This entire astronomical cycle is very important to review because today (December 12th) is also the final 216th-degree of Venus. I also want to note, that the earliest traded data for Bitcoin being traded (that I have access to) is early 2010 using Optuma’s data. Do you know what astronomical cycle was there at the beginning of Bitcoin’s chart?
The same consecutive 216-degrees of Venus dates during a Venus Retrograde Cycle.
The same setup we now see forming just before the one year anniversary of Bitcoin’s all-time high.