Let's see if the 4-year Macro Cycle continues this way.
PS: Since 2013, September price action was always corrective or sideways.
PS: Since 2013, September price action was always corrective or sideways.
Comment:
First September week on the chart and it starts off red. Suprise.
Comment:
Daily Ichimoku behaviour in 2013 & 2017 & 2021 bullrun.
02.October 2013: Sharp down move smashed through the cloud, but support reacted fast and kicked off the parabolic move to ATH.
14. September 2017: Price droped into the cloud, support held firm and bullish trend continued.
21. September 2021: Price drops into the cloud, will the support hold? Will the bullish trend continue?
02.October 2013: Sharp down move smashed through the cloud, but support reacted fast and kicked off the parabolic move to ATH.
14. September 2017: Price droped into the cloud, support held firm and bullish trend continued.
21. September 2021: Price drops into the cloud, will the support hold? Will the bullish trend continue?
Comment:
Cloud Support on Daily held. Played out exactly the same way like 2013 and 2017.
Self-fulfilling phrophecy.
Self-fulfilling phrophecy.
Comment:
If the game is really on now and we head to the last phase of the bull market, then maybe the Monthly RSI "double top" can tell us when it would be wise to take profit.
Not my idea, but I will keep a close look at it.
Not my idea, but I will keep a close look at it.
Comment:
Perfectly on track. Patience.
But I don't believe a second that this was THE TOP of this bull run, simply because this unnatural rounding top gave a lot of time for the normies to "sell the top". The bull run top doesn't give us 3-4 months of time to realize it and take profit. It gives us 3-4 weeks during constant huge green candles in Altcoins that feed everyones greed so everyone "forgets" to take profit.