I've long held to the theory, that the 2011-2013 BTC bull run is equivalent to the 2015-2021(22) bull run.
So my fibonacci lines are from 2015 low to 2018 high.
I suspect BTC is forming an ending diagonal. In addition, I would not be surprised to see BTC do a throwover for the final wave 5 of the ending diagonal to nail the 4.236 fib of years 2015-2022 bull run cycle.
This would fit very well with the current curve trend of BTC on a log graph.
If you are a trend line person, I might as well throw this in there.
**TOTAL**
Now let's look at TOTAL. If you hold that the bull cycle is from 2018 to 2021, then yes TOTAL has touched the 4.236 fib.
But, if the cycle is from 2015-2022, then it has not touched the 4.236 fib. TOTAL has one more push to go. It would also form an ending diagonal.
But, unlike BTC that would NOT require a throwover to touch exactly the 4.236 fib, TOTAL would easily touch the 4.326 fib with an ending diagonal
**TOTAL3** (TOTAL - BTC - ETC)
TOTAL3 doesn't have a history since 2015, so I can't do a fibonacci. But, it is forming the same ending diagonal pattern.
It might possibly do a throwover, but I wouldn't bet the bank on it.
So my fibonacci lines are from 2015 low to 2018 high.
I suspect BTC is forming an ending diagonal. In addition, I would not be surprised to see BTC do a throwover for the final wave 5 of the ending diagonal to nail the 4.236 fib of years 2015-2022 bull run cycle.
This would fit very well with the current curve trend of BTC on a log graph.
If you are a trend line person, I might as well throw this in there.
**TOTAL**
Now let's look at TOTAL. If you hold that the bull cycle is from 2018 to 2021, then yes TOTAL has touched the 4.236 fib.
But, if the cycle is from 2015-2022, then it has not touched the 4.236 fib. TOTAL has one more push to go. It would also form an ending diagonal.
But, unlike BTC that would NOT require a throwover to touch exactly the 4.236 fib, TOTAL would easily touch the 4.326 fib with an ending diagonal
**TOTAL3** (TOTAL - BTC - ETC)
TOTAL3 doesn't have a history since 2015, so I can't do a fibonacci. But, it is forming the same ending diagonal pattern.
It might possibly do a throwover, but I wouldn't bet the bank on it.
Note
I will throw in the JNK/TLT chart too. It serves as a (market loves risk)/(market loves conservative) indicator. The JNK/TLT tops do not correspond exactly to the BTC tops, but JNK/TLT has always touched the trend line. So, I would expect it to touch this line once. I'm thinking end of January.Note
This is why I hold that the 2011-2013 bull cycle is a match to the 2015-2022 cycle.The fractal of 2011-2013 pivot points match this cycle exactly, to date.
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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.