I love the parallels between the previous market cycle in this one.
This is a projection based on the previous market cycle's price action. While time is difficult to predict (can't tell if Dec 2021 will actually print the next ATH top), price action should be fairly similar, keeping the monthly EMA ribbon as support and going into the euphoric parabolic rise phase after $20k is broken (which is looking sooner than later, given the macro global financial conditions as well as having minimal resistance on HTF above
13K).
Happy investing!
- Leb Crypto
This is a projection based on the previous market cycle's price action. While time is difficult to predict (can't tell if Dec 2021 will actually print the next ATH top), price action should be fairly similar, keeping the monthly EMA ribbon as support and going into the euphoric parabolic rise phase after $20k is broken (which is looking sooner than later, given the macro global financial conditions as well as having minimal resistance on HTF above
13K).Happy investing!
- Leb Crypto
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Disclaimer
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.