Another possibility which I'd like to mention, is that BTC might do a thing like in June 2017.
Back then, we also had a bearish divergence, which lead to a bit of a sideways period and a dump in the end, before resuming the bullrun.
I took that fractal and applied it to our current situation.
I also took the fib extension level that would yield 288k, also in line with PlanB's expectations.
So it might happen that we see such a structure. If yes, the ATH would occur in October 2021, which would also make sense, since the peaks of the cycles
always occured towards the end of the year, mostly in November or December. It would be really strange if this time, the peak would occur already in April or May.
Therefore, I would really like such a structure.
Back then, we also had a bearish divergence, which lead to a bit of a sideways period and a dump in the end, before resuming the bullrun.
I took that fractal and applied it to our current situation.
I also took the fib extension level that would yield 288k, also in line with PlanB's expectations.
So it might happen that we see such a structure. If yes, the ATH would occur in October 2021, which would also make sense, since the peaks of the cycles
always occured towards the end of the year, mostly in November or December. It would be really strange if this time, the peak would occur already in April or May.
Therefore, I would really like such a structure.
Note
It looks as if bitcoin will follow the bearish divergence and slowly decline in the course of the next weeks, to the low of about 40k, before resuming the uptrend:Meanwhile, XRP starts pumping. History repeats itself, see March 2017.
Back then, BTC was in decline, while XRP was pumping. This could mark the beginning of a pretty nice altseason.
I really hope that this rally will follow the path from this idea here. This could give us the opportunity for 2 altseasons, like back in 2017, and we all know that that means. Indeed, insane gains for alts :)
Note
It's still perfectly following this idea:The low should be at the end of April in the 40k area, so 38k-42k I'd assume.
Note
It is still following this idea.This is the beginning of a longer correction which we of course saw coming due to dropping volume and bearish divergence in the 3d chart:
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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.