Kind of simple to understand-not a fan of analyze that I don't understand. We have 86% drop from top in '13 and 84% in '17 having a pattern dropping by 2% per run..My guess here is we will have 2% drop..from 84-82. Now we know how much we will fall but don't now where will be hitting bottom. We can have a guess. I draw a zone from 29-36k zone leaving us with top...
In first high around 260$(marked with blue) we marked a teritory in this regression rainbow. Next bull run from btc halving 2016 to 11. Dec. 2016 we reached top in same exact color. With top reached we also dropped in levels for 2 and half level.
With left red circle I marked where was the second high I guess marking this time bull run top level. It's logical to...
I am a beginner with graphs but i think we could do reverse head and shoulders. We could touch 36-7k and bounce back to 40-43k, creating a right shoulder. I am asking for comments because I have only been studying graphs for a couple of months .. Thanks!
