I did a video (actually 3 or 4 covering this) on this structure over a year ago explaining what took place, 3 to 4 minor parabolic runs that make up part of the major (major parabolic) bull run. Each phase had its own cycle. I did have a problem with the recording hence why I stopped doing it. However if you play it forward, one can see the structure I was talking about. Yep, I also got it wrong but back then, I didn't know certain strategies, or structures about how price action works.
Hence don't be surprised if we have a similar scenario for the markets and the crypto eco system is getting a lot of big announcements. If this continues, it will be like early 2017 where it sparks a lot of interest. SQUARE and then Paypal announcements can lead to Bank announcements which leads to general public fomo'ing in again.
Can it be another history event. Lets hope it is and we play our cards right selling a the top and buying the dips.
All the best.
Cheers, S.SAri
WEEKLY RSI, Bullish level.
Note
Another perspective if you not convinced we are bullish.
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.