Showing similarities between July 2017 and May 2021 corrections.
Both corrections land about 52% above previous ATH at the same trend line (green line) which provided resistance for most 2016 and 2020 accumulation phases.
Also worth notice current correction started after price hit 1.618 fib extension drawn from Jan 2015 bottom, up to Dec 2017 high, down to Dec...
Since October 2020 bitcoin has been on a 'face melting' rally closely tracking its previous price action from April to September 2020.
Should this fractal continue for 3 more months, that would put this cycle top at $288k by the first week in August!
Bitcoin bullrun targets based on fib extension from 2013 high to 2017 high down to 2018 low.
The line connecting the 2017 high and the 2018 low is also the base of an isosceles triangle having vertex at the 2013 high breakout and sides as supports and resistance lines
Bitcoin bullrun targets based on fib extension from 2013 high to 2017 high down to 2018 low.
The line connecting the 2017 high and the 2018 low is also the base of an isosceles triangle having vertex at the 2013 high breakout and sides as supports and resistance lines
Fractal from May 16 to Sept 17.
includes test on 2017 ATH by November 2020, dump to 12.5k, new ATH in May 2021, retest in June and bull run to 130k by Jan 2022!
BTCUSD Weekly. Massive Pennant forming on weekly close candles.
Target $85k probably by mid/late 2021.
DCA in when price below 104 WMA (green)
DCA out when price above 5x104 WMA (red)
Bull run starting after pennant bullish breakout in 2nd half 2020.
To be established if 21WMA or 50WMA will provide support during next bull run.
