My french publication of October 14, 2018 "Vous reprendriez bien une tasse de thé ?" (*) announced the color!
(*) "Do you want another cup of tea?"
It was a scenario so anticipatory 9 months ago, it could not fit perfectly with reality, but don't hesitate to consult it in my links below: in hindsight, was it so far from the truth?
Today, a first Cup & Handle and its very bullish target has been validated with its top at $ 13.9k! I name it here "Step 1".
The rest is speculative, but I think it deserves at least the question:
The market likes to be symmetrical in its "repair" phase after a bubble burst, so I'm not surprised that the price is pausing with a retracement from that $ 13.9k peak reached parabolically!
To respect this symmetry (already noted on other speculative bubbles, including that of Bitcoin 2013-2016):
I use as vertical axis of symmetry the ultimate Dip of December 15, 2018, and I deduce 3 future Cups & Handles starting from each historical summit, allowing to re-reach again these summits, then pause (as currently, beware the correction may not be complete) and start again towards their respective targets indicated on each chart in 4 steps!
DISCLAIMER: This is not an investment advice. You are solely responsible for your choices. Invest only what you can afford to lose.
(*) "Do you want another cup of tea?"
It was a scenario so anticipatory 9 months ago, it could not fit perfectly with reality, but don't hesitate to consult it in my links below: in hindsight, was it so far from the truth?
Today, a first Cup & Handle and its very bullish target has been validated with its top at $ 13.9k! I name it here "Step 1".
The rest is speculative, but I think it deserves at least the question:
The market likes to be symmetrical in its "repair" phase after a bubble burst, so I'm not surprised that the price is pausing with a retracement from that $ 13.9k peak reached parabolically!
To respect this symmetry (already noted on other speculative bubbles, including that of Bitcoin 2013-2016):
I use as vertical axis of symmetry the ultimate Dip of December 15, 2018, and I deduce 3 future Cups & Handles starting from each historical summit, allowing to re-reach again these summits, then pause (as currently, beware the correction may not be complete) and start again towards their respective targets indicated on each chart in 4 steps!
DISCLAIMER: This is not an investment advice. You are solely responsible for your choices. Invest only what you can afford to lose.
