BITCOIN STILL following the 2013 - 2017 Fractel - the latest
I do not really need to say to much, the image says it all.
As I have been saying for over a year now, I strongly believe THIS is what we are doing.....
https://www.tradingview.com/x/6PgH3qNF/
This is the Current Bitcoin PA with the 2013 ATH to 2017 ATH Fractal overlaid and you can see for yourself, it pretty well matches. There were some things that pulled PA Lower, like LUNA and FTX issues but here we are, taking a retrace in the same month and almost, so far, to the same % Drop
https://www.tradingview.com/x/iKyVqWYU/
So, Here is the PA from 2013 - 2017 and we have zoomed into where I think we are now in the 2024 cycle. The Two White Arrows in the main chart show these points
This is now August 2016 - we have seen a sharp -28% Drop, PA leveled out, recovered a little and then. in September, took off to head to the Next ATH - December saw a Spike to a high, a dip back and then off we went.
And Exactly the same is expected currently, with many saying September is when we really start moving and December is possibly a new ATH.
Fractels work until they do not...and we have been following this one since Nov 2021 - that is a remarkably long time. And if it paints a true picture of what is to come, 2025 will be truly EPIC with the Next final ATH of this cycle at around 1Million
I find that hard to believe but, Hey, if it happens, I am not going to say No.........
As I have been saying for over a year now, I strongly believe THIS is what we are doing.....
https://www.tradingview.com/x/6PgH3qNF/
This is the Current Bitcoin PA with the 2013 ATH to 2017 ATH Fractal overlaid and you can see for yourself, it pretty well matches. There were some things that pulled PA Lower, like LUNA and FTX issues but here we are, taking a retrace in the same month and almost, so far, to the same % Drop
https://www.tradingview.com/x/iKyVqWYU/
So, Here is the PA from 2013 - 2017 and we have zoomed into where I think we are now in the 2024 cycle. The Two White Arrows in the main chart show these points
This is now August 2016 - we have seen a sharp -28% Drop, PA leveled out, recovered a little and then. in September, took off to head to the Next ATH - December saw a Spike to a high, a dip back and then off we went.
And Exactly the same is expected currently, with many saying September is when we really start moving and December is possibly a new ATH.
Fractels work until they do not...and we have been following this one since Nov 2021 - that is a remarkably long time. And if it paints a true picture of what is to come, 2025 will be truly EPIC with the Next final ATH of this cycle at around 1Million
I find that hard to believe but, Hey, if it happens, I am not going to say No.........
Note
Since I posted this, we have seen another Dip down by Pa to the 49K Mark. This brings the total Drop to just over -31%, so slightly more than in the 2016 - We are still on plan and the Recovery was shift.
But we have yet to see if PA holds and rises from this level or is anotehr Drop incoming.
Exciting days
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