Using the 2013-2014 bubble fractal, this chart would follow almost exactly. Seems a little hard to believe with all of the buy volume going through at the moment, but this pump seems a little too much too soon. Generally a healthy correction for btc seems to take a few months to play out. This pattern would still leave room for run up to 2700-2750, but if we get past 1800, I don't think it will follow closely enough anymore.
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Sir Gann agrees
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2800* not 1800Note
I guess a fundamental reason for this would be that the market has shown that it wants to correct, but segwit hype turned it around. As soon as segwit hype dies it will continue to decline.
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