INTRO: As we all have surely noticed, since May 14th 2024, the price action has seemed to mirror the price action from January 2021 to May 2024. I think this may be what people have been referring to as the "cat pattern", I'm not really sure about all of that but there is visually very obviously a repeating and self similar pattern, at first glance. I've even seen people mistake the charts of the recent price action for the price action of the last 3.5 years, the similarity is truly uncanny.

I decided a few weeks ago to take a closer look at the similarities and created this image. Both of these charts are on the 1D timeframe, standard candlestick chart. Notice the extremely similar direction and pace of the price action, the volume, and overall volatility percentage wise. Also notice the timespan, from peak to peak. It seems like to me, that this time around, things are playing out at around 2X speed. From the January 28th high to the infamous March 10th high, was 41 days. I did the same measurement on the recent price action, from the May 14th high to the Jun 6th high, 23 days. Not exact, but at first glance, that's pretty much 2X speed.

Look very closely at the circled areas of price action, and the repeated prolonged period of decreasing volume and volatility afterward. You can pick any candle with your eyeballs and pretty much spot the same thing in this cycle, just with less price movement percentage wise and at 2X-ish speed.

This figure was created on October 1st 2024. Both charts exhibit an extremely similar pattern. A break out of the \"dorito\", a small flat base bull flag shape, a huge break out squeeze moment, huge dump, weird pump and dump pump back up, back down like 50% from there (March10 2021) and then sideways with decreasing volatility and volume.

2 WEEKS LATER:
So a few weeks have gone by and I can't help but to notice that it's seemingly continuing to track. The price movements are certainly different percentage wise, but the overall timing of the direction of the movements are the same still, I feel like. I also decided to take a measure of time from the January 28th 2021 high to the April 19th 2024 low, it was 1177 days. Halving that and extrapolating it into this cycle, would time the next major low around December 2025, potentially going into a 3rd volatility event in January 2026. Take a look.

have i gone mad?

Now what I'm interested in at this point is what happens when the next volatility event does occur. I'm nearly certain as the rest of you that it will, but the big question remains. Wen? And will that actually be MOASS, or will the cycle just repeat a 3rd time even faster, doubling the floor again, and so on? Open to discussions.

Note: Been here since January 2021, never pressed the red button. Never leaving. Ever.