A YEAR LATTER, BTC IS FOLLOWING THE SAME FRACTAL
Just an update of my last idea, published a year ago, thats shows that Price is drawing a nice fractal already seen in the last 2 big cycles, clearly correlated between the price structure and the halvings.
Something I already pointed in my last idea more than a year ago https://www.tradingview.com/chart/BTCUSD/4hlQIVmA-BITCOIN-CORRECTION-TILL-THE-HALVING-3RD-BIG-FRACTAL/ and thats working pretty well, and I Will point again here:
1ST BIG RALLY FROM SUB 1$ TO 30$, AND FIRST HALVING
2ND BIG RALLY TO 1100$, AND SECOND HALVING
An we are currently in the 3rd big fractal:
In both cases there is an identical pattern, after a big correction, price structure exceeds the last falling wave, indicative of a mayor trend reversal, but its just once the halving happens when it clearly exceeds and a new rally begins.
So with this situation, whats coming now imo? At the current point we are still a year distance from the 3rd halving ,so I personally dont expect a new bullrun and a big move up until that happens. At this point we have a nice liquidity pool resting below 4.7 (bitstamp Price), It wouldn't surprise me a drop to that levels to squeeze some longs, shake the market, and retest of the upper part of the lower range, followed by a big continuation pattern like the triangle shown on the chart that it can take over half a year to be completed. And once the 3rd halving happens, following the same fractal of the 2 last cycles, the start of the rally, with my main objetives been 50k, and 80k for now.
There is another curious correlation and symmetry between the ATL and ATH of each cycles with the halving, where there is approx. the same distance from the minimum to the halving, than from the halving to the next ATH (In first case 54 and 52 weeks, and in the second, 77 and 75 weeks, with just 2 weeks of difference in both cases). Having that in mind, that means that if we already saw the ATL of the next bull cicle at 15 of december 2018, when Price dropped to 3.1k, and there are 525 days till the 3rd halving, would mean that next ATH Will be on the 30 of october of 2021, week up week down. Obviusly "Past results do not guarantee future returns", and will probably not repeat again but is just something to have in mind, due to the fractality of the markets.
Good luck.
Something I already pointed in my last idea more than a year ago https://www.tradingview.com/chart/BTCUSD/4hlQIVmA-BITCOIN-CORRECTION-TILL-THE-HALVING-3RD-BIG-FRACTAL/ and thats working pretty well, and I Will point again here:
1ST BIG RALLY FROM SUB 1$ TO 30$, AND FIRST HALVING
2ND BIG RALLY TO 1100$, AND SECOND HALVING
An we are currently in the 3rd big fractal:
In both cases there is an identical pattern, after a big correction, price structure exceeds the last falling wave, indicative of a mayor trend reversal, but its just once the halving happens when it clearly exceeds and a new rally begins.
So with this situation, whats coming now imo? At the current point we are still a year distance from the 3rd halving ,so I personally dont expect a new bullrun and a big move up until that happens. At this point we have a nice liquidity pool resting below 4.7 (bitstamp Price), It wouldn't surprise me a drop to that levels to squeeze some longs, shake the market, and retest of the upper part of the lower range, followed by a big continuation pattern like the triangle shown on the chart that it can take over half a year to be completed. And once the 3rd halving happens, following the same fractal of the 2 last cycles, the start of the rally, with my main objetives been 50k, and 80k for now.
There is another curious correlation and symmetry between the ATL and ATH of each cycles with the halving, where there is approx. the same distance from the minimum to the halving, than from the halving to the next ATH (In first case 54 and 52 weeks, and in the second, 77 and 75 weeks, with just 2 weeks of difference in both cases). Having that in mind, that means that if we already saw the ATL of the next bull cicle at 15 of december 2018, when Price dropped to 3.1k, and there are 525 days till the 3rd halving, would mean that next ATH Will be on the 30 of october of 2021, week up week down. Obviusly "Past results do not guarantee future returns", and will probably not repeat again but is just something to have in mind, due to the fractality of the markets.
Good luck.
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