Bitcoin On-chain Analytics

General Discussion
#1

Curious if the BAM model takes on-chain analytics into consideration specifically for Bitcoin? I’m brand new and the BAM models seem to be tracking pretty well on the stocks I’m following. With BTC though, the on-chain data is incredibly bull-ish looking for a huge run up before crashing back down (to maybe that $18k level).

(I did try searching this, but couldn’t find much on it. If this has been discussed, then could someone link the discussion to me?)

#2

I don’t think the BAM model works for bitcoin… all the TA guys I follow on YouTube along with history shows that we are ready to takeoff… I told Jim last week that I would bet him a beer that we hit $50 this week when it was $44k last week. Right now as I write this BTC is over $49k. We are in the Wyckoff Accumulation Phase with >$100k predicted in Sept/Oct. Different TA guys are predicting different ends to the dual bullrun with Oct/Nov and possibly Feb/March 2022 being the end… then we might see a 80% correction that might get BTC down to Jim’s retest level of $18,500… however, I have heard that after BTC skyrockets this fall we won’t see prices below $40k again. Some are predicting $200k this cycle. We’ll see, but don’t think Jim’s model works for crypto.

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BTW, Ethereum is following the same Wyckoff Accumulation pattern…

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