Predictive Analysis of the Next Megabull Cycle - Update 2Hey all, I have been pretty busy lately and found the time to give you all an update! After visiting $445 we revisited the bottom of the triangle at $400-405 which strongly held as no sellers were to be found to take us to $320. Bears failed and Bulls won that last round. Which leads us to a big potential for the megabull cycle to occur on March 25-27th as we make our way to $435 (top of triangle).
Bulls:
After rearranging the fractal and aligning it properly with our current triangle we can see that were spot on the last pump within the triangle before we break out of the triangle. Initial top of triangle is $435 on Bitfinex and if all goes to plan we will blow past it to $450-448 then go back down to retest $426-421 before the megabull picks up steam and moons.
From there we have several potential targets but the fractal goes to $8100 per BTC which I find exaggerated.
My more conservative targets are: $680-700 and $900-850 and $1500 and $2500
Bears:
For now the bears do not have a case in my opinion as $400 held as support and we had no new lows. However, note that if March 27th passes (give it to March 31st max) and we fail to break the top of the triangle ($435) and reach $450, then it is highly likely that the megabull cycle failed again and bears will take over. If I see a change I will first post on my twitter account and then follow up with a new chart when I have time on TV.
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