Half life of bear trend
White verticles represent previous and expected bottoms. The bearish trend pattern of bulltraps followed by double tops just appeared to me to have a very obvious half life as in the pattern is condensing by half its time span each time between bottoms. The being said, I am expecting the bottom of this current repetition to be on April 5 in the central purple zone right around $6300 usd. Continuing I am expecting the end of the next period to be on April 15 around $5900 (us tax day, coincidence?) which may end the bear trend alltogether. If not I expect the true end of the bearish trend to be shortly thereafter (April 20-25) as the half life will start getting into the hours and then minute time frames. These shorter periods being the squeeze before (hopefully) a breakout into a bullish trend.
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