SUMMARY
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This post is one you might not want to disregard but consider on how it can severely, positively impact your wealth. Both AJ Frost and R. Prechter, authors of the Elliott Wave Principle, studied and applied the Benner Cycle since it jived so well with Elliott Waves. This is of no surprise since both are Fibonacci derived.
Samuel Benner was a farmer who went broke because of the 1873. He setup as to why and what moved the boom and bust cycles. Perhaps, he was the earlier incarnation of RN Elliott himself, for Mr. Benner had the genius to observe and extrapolate the following:
Market peaks cycled in 8, 9 and 10 year additives
Market lows cycled in 11, 9 and 7 additives
In other words, he proposed a 54 year panic cycle composed of crisis panics every 16, 18, 20 years and this series repeated every 54 years. The 8, 9, 10 are 1/2 of the 16, 18 and 20.
I have taken these and applied to Bitcoin. The first table shows the projected years that could register BTC price highs. Since BTC was born in 2009; adding 8 years shows that 2017 was certainly the peak year drivine by the mania, CME futures and FOMO. Now, IF 9 years are added to 2017; that makes the next major cycle price peak to occur on 2026. What might drive this from a news/event/fundamental perspective? Perhaps the ETFs, Index ETFs. Perhaps BTC will be regarded as the new safe haven against equity bust cycles. What's importan is that IF the Benner cycle is correct, the BTC has a 9 year bull market coming up!!! IF 10 years are added to 2026; that makes 2036 another price peak year. This is why I've been stressing a HODL until 2024 to 2034!! I always +/- 2 years because cycles can be extended or shortened. So, if we have a 9 year bull market coming up, is this the time to be taking buying or selling actions? Is this the time to be doing silly swing or day trades or buy and hold until 2024?
Here are the upcoming Benner Cycle lows for Bitcoin. Benner lows are projected at 11, 9 and 7 year additives. IF the correction finishes in 2018; then adding 11 years would have the year 2029 as being the next major correction bottom for BTC. Add 9 years to 2029; that gives 2038 and pluse 7 gives 2045. The correction of 2018 was a flameout of the FOMO mania and CME futures. The 2029 could be the Central Banks waging true war against Cryptos...who knows. What's important is that the current 2018 correction is a major landmark not to be ignored. During this heightened fear period, it's not the time to be listening to your fears...but go against them and take a solid position for the upcoming 9 year bull market!!
11-10-7 Year Cycle of Bitcoin Lows
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