This chart plots the Time score across all of Bitcoin's history. Time is a 0-to-100 read of how far through the current half-cycle we are, and seeing its full track record shows the rhythm the three timing indicators are built to capture.
It plots the Bitcoin Time score across every cycle, tracing how far through the clock the market has been.
Time answers a different question from Risk. Not whether Bitcoin looks cheap or stretched, but how far along the cycle clock we are. It climbs toward 100 as the projected next extreme approaches, and resets when a new cycle extreme is marked.
Drawn across history it is a sawtooth: a climb toward each turning point, a stretch pinned at the top or bottom of the range while the market waits for the turn to be confirmed, then a step onto the next leg.
A high reading means the calendar is late in the current half-cycle by historical standards; a low reading means it is early. It does not mean price must move, only that time has passed.
Because Time is a projection, the line near the top is a forecast of when the next extreme is due, not a measurement of one that has happened.
The clock only resets when we mark a new cycle extreme, and that mark follows a fixed rule rather than a judgment call. The watch arms when Cycle Altitude reaches 95 on the way up or 5 on the way down. Once armed, the highest price for a peak, or the lowest for a bottom, is tracked from there, and every new extreme restarts a 21-day count. Twenty-one days with no new extreme marks that price and date as the cycle pivot. A zig-zag rule bootstraps the earliest leg, before enough history exists for Altitude to function at all.
So an extreme is dated to the high or low it happened on, but it is not marked until three weeks after the fact, and the chart resets on the mark. That gap is the honest one: it is the earliest moment the turn could be called without knowing the future. The line therefore holds at the top or bottom of its range through the waiting period and then steps onto the next leg, which is what this product would have shown at the time rather than what is obvious in hindsight.
Each extreme is drawn on the chart as a guide, a diamond for a peak and a circle for a bottom, sitting on the actual high or low. The line steps a little to the right of it. That offset is the point: the guide is where the market turned, the step is where we could first say so. The reading below the chart shows the arithmetic for whatever day you hover: the extreme the clock counts from, the day it was marked, the days elapsed, and the average leg length being counted against.
That average is deliberately blind to the future too. At any point in history it uses only the cycles whose ending extreme had already been marked by that day, never the leg in progress and never a low that had not been called yet. This is why the line can fall short of 100 at a real top, or sit at 100 well past its due date without one arriving: nothing is fitted after the fact.
Time is blended from three timing indicators, each fitted to a handful of completed cycles, so its projections carry wide real uncertainty that a single smooth line hides.
Cycle timing has already shifted once in Bitcoin's history, so a rhythm measured on past cycles is not guaranteed to hold.
The daily Time score (0-100) over all of Bitcoin's history. Time blends the three timing indicators into one measure of cycle progress: it resets when a cycle extreme is marked and reads 100 once the projected next one is due.