The current area around 28k for CRYPTOCAP:BTC is a strong halt before the next move. I still believe we are going towards 42k$ at least., in the meantime, we need to calm down and reaccumulate before the next move. Fib key 0.618 level taken between the previous cycle low and the next cycle high is a strong area. During the last cycle, we retest it upon the...
From top to bottom, using log fib extensions: Cycle 2: 2.272 Fib is the top of 2013 Cycle 3 : 2.272 Fib is the top of 2017 Cycle 4: 1.618 Fib is the top of 2021. Institutions are in since 2017, diminishing returns. Cycle 5: Will 1.618 or 1.272 fib be the top of 2025? I bet on the 1.618 option. Max pain will occur before, certainly. But the destination is known,...
The pattern is simple: 1. Top 2. Bear trend 3. Bullish pattern reversal breakout strongly 4. Retest (2015) or not (2019) 5. Consolidation 6. Echo Rally to 0.5 Fib 7. Decline and prepare for the base for the next halvening Why would this time be different whilst we are at the consolidation phase in this cycle. Worst case scnenario restest of the base. I...