Max fear this month. If history rhymes good we can see some relief in January. Gonna leave this idea to see how it is going after 2 years. Happy New Year! Cheers!
Note
Such a coincidence xDNote
Rhymes reasonably well.Note
Still holding the rendlines.Note
Today is very heated.Note
Send it to 42k alreadyNote
48 or 32k next?Note
600k is toooo bullish, ~240k early top or 330k on track top more likely.Note
Still looks goodTrade active
Top of 238k in february-april 2025. Simulation confirmed.Note
I came up with this 400k to 600k target based on a few meaningless trendlines on the top side of the chart combined with a simple fractal. Given that BTC topped with it's 4.2 fib retracement on the market cap in 2021, it's kind of safe to assume it's going to top with a 3.6 to 4.2 fib retracement this cycle. Why those exactly? Because this market is extreme. This gives us a target between 198k and 229k, 239k possibly if we count the wicks to the upside (4.4). Cheers!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.