hassou7

Where are we heading for the next cycle?

Long
INDEX:BTCUSD   Bitcoin
From top to bottom, using log fib extensions:
Cycle 2: 2.272 Fib is the top of 2013
Cycle 3 : 2.272 Fib is the top of 2017
Cycle 4: 1.618 Fib is the top of 2021. Institutions are in since 2017, diminishing returns.
Cycle 5: Will 1.618 or 1.272 fib be the top of 2025? I bet on the 1.618 option.

Max pain will occur before, certainly. But the destination is known, path isn't.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.