On 23 December 2020, the week candle seems pretty weak so far comparing to recent ones. Taking into consideration the new year's cash-out, RSI heating around 90, and weakening trend of the weak so far, I suppose if the 52nd candle of the year will cancel as doji, it seems plausible to be followed by the (sooner or later) inevitable, deeper pullback. Although, there are still 4 days more to observe the price action
Such longer, even a year lasting pullback, if considered 100% proportional to the pullback from Dec.2017 until Dec.2018, we could experience bigger moves, even possibly reaching ~8000 before following it pull-up, without breaking the long-lasting uptrend
This is an alternative scenario to my optimism towards a historical pattern of BTC ATH breakouts (check: "After 16th Dec, 1M BTC is beautiful as fuxk, to the Moon, boi!"). In this scenario, the period the longest, 3rd wave starts on November 2011 and ends onl December 2017, followed by 4th wave until December 2018, and being on 5th, what should finish at some point
1st wave - Jul2010 - Jan2011
2nd wave - Jan2011 - Nov2011
3rd wave - Nov2011 - Dec2017
4th wave - Dec2017 - Dec2018
5th wave - Dec2018 - ?
Such longer, even a year lasting pullback, if considered 100% proportional to the pullback from Dec.2017 until Dec.2018, we could experience bigger moves, even possibly reaching ~8000 before following it pull-up, without breaking the long-lasting uptrend
This is an alternative scenario to my optimism towards a historical pattern of BTC ATH breakouts (check: "After 16th Dec, 1M BTC is beautiful as fuxk, to the Moon, boi!"). In this scenario, the period the longest, 3rd wave starts on November 2011 and ends onl December 2017, followed by 4th wave until December 2018, and being on 5th, what should finish at some point
1st wave - Jul2010 - Jan2011
2nd wave - Jan2011 - Nov2011
3rd wave - Nov2011 - Dec2017
4th wave - Dec2017 - Dec2018
5th wave - Dec2018 - ?