BTC has always initiated a bear market after a weekly close below the weekly 100 MA. It generally corrects to the weekly 200 MA following initiation of a bear market, although in March 2020, due to a black swan event, it wicked to the weekly 300 MA. For confirmation of a bear market, BTC would need to close a weekly candle below the 100 Weekly MA(currently at...
If Bitcoin tests the top of the log channel, its top would be 350k(and growing the later it tops). If it tops out at the 4.764 Fib level, it would top out at a more modest 200k. I favor the latter as 350k seems far-fetched
In 2017 $ETC topped out at the 2.272 level. Following 2017 we would top out at $362 and it would be confirmed when the RSI makes a lower high on the weekly
In 2017, ETH topped out at the 4.236 Fib level and made bearish divergences on the weekly. Following 2017 would put ETH at a top of 13k and it would be confirmed after a lower high on the weekly RSI
ETC has followed a similar pattern in 2017 and 2021 so far, with a double top, a bottom, then a consolidation before a large move. If it plays out the same, we can expect a move up to around $204 after the consolidation
