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Left-Translated Cycle Meaning

A term used in market cycle analysis (particularly in "Stock-to-Flow" or "Halving" models) to describe a market cycle where the "peak" price happens earlier in the cycle than in previous years. If a standard Bitcoin cycle is four years long and typically peaks in Year 3, a "left-translated" cycle might peak in Year 2.

This is often caused by an influx of institutional capital or a "front-running" effect where investors, expecting a future peak, buy in so aggressively that they push the price to its maximum point much sooner than history would suggest. Understanding cycle "translation" is key for timing an exit strategy.

If a trader is waiting for a peak based on "historical dates" but the cycle is left-translated, they may miss the top and hold their position all the way through the subsequent crash.

It highlights that while "history often rhymes," it rarely repeats exactly.

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