Bitcoin’s entire history is just a series of bullflag fractals
On the entire bitcoin history index monthly logarithmic chart we can see how Bitcoin is nothing but bullflags. The second bullflag we broke up from took 2 bull runs to hit its full breakout target. The first one however because of how insanely long its pole is, has still yet to hit its full breakout target. It is now the 4th consecutive bull market since it broke out of the first flag though so perhaps it will reach that target this bull market, if not this market I’m confident the 1st flag will finally reach its full target next bull market. The second bull flag in the fractal series was able to hit its full target within 2 bull markets which is typically about the pace the huge macro patterns on the logarithmic chart tend to take. The other Flags since that second flag also are yet to hit their full targets but if the next flag in the series is also able to hit its full breakout target within a 2 bull market timeframe, the flags after it will also have to hit their targets as well on the way yo hitting that 3rd flags breakout target. We can see each flag seems to be getting progressively smaller as the fractal continues so odds are good the time it takes each flag to reach its full breakout target should also be getting progressively smaller as well so that would make sense. Anyways I just wanted to post a new version of the entire bitcoin history’s bullflag fractal so i could easily reference t and follow its progress for the current bull run *not financial advice*
Note
There is definitely a chance that it takes the 3rd flag 3 bull runs to reach its full breakout target of 437.6k however considering the flag that came before it only took 2 bull runs to reach it target, it increases the probability that the 3rd flag can reach it’s target also in only two bull markets (aka the current one), If so a $432 top for the current bull market would be absolutely bonkers, so for now I’d say probability is also still very good that it takes the 3rd flag 3 bull Ariel’s before it reaches its target in which case it will then take the 1st flag 5 bull markets. Zooming in the 4th bullflag which only broke upwards in 2023 has a chance of reaching its full target n only one bull run at 280k but even it could take 2 bull runs as is common on the logarithmic chart for the macro time frame patterns. The last and smallest fifth bull flag has the highest probability of reaching its full target in one bull run around 199.7k and is likely just a portion of an even larger bullflag we haven’t seen print yet, although fractals should get progressively smaller. *not financial advice* 
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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.