Corrections both lasted almost a perfect year.
People are beginning to accept the 4 year cycle based on the halvening. 3 years of bullish action, 1 year of bearish correction.
If the top trend line remains valid into the next bull run, there is a case for a 240k coin. This would land the price action somewhere between the 2.618 and 3.618 fib extension.
This would also give us another touch on the top trend line.
Send it.
Am I crazy? You decide, in the comments of course.
Not financial advice.
Novice trader here.
Do your own DD!
Comment and let me know how bad this idea is!
People are beginning to accept the 4 year cycle based on the halvening. 3 years of bullish action, 1 year of bearish correction.
If the top trend line remains valid into the next bull run, there is a case for a 240k coin. This would land the price action somewhere between the 2.618 and 3.618 fib extension.
This would also give us another touch on the top trend line.
Send it.
Am I crazy? You decide, in the comments of course.
Not financial advice.
Novice trader here.
Do your own DD!
Comment and let me know how bad this idea is!
Note
Note
In this chart we can see the 20sma has been acting as support since the bear phase has ended.Note
sma crosses marking bottom with rsi HighlightedNote
lookin goodNote
playing around with fib circles of first set of lows.this is an interesting way to look at what we might have in store over the next 14 months.
Note
Note
updated from the daily perspective.
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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.
Related publications
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.