tradebeertje

Bitcoin cycles explained by date ranges and retesting the 1.618

Long
BITSTAMP:BTCUSD   Bitcoin

Every bitcoin cycle gets a retest of the previous cycle 1.618 fib extension level from previous bear market low to that cycles bullrun high

The green lines pointing out those are the halving - The bullrun begins

The pink lines pointing the retest of the 1.618 + The start of the next leg up to the high of that bullrun

The red lines are pointing the bullrun highs

Now if you take those dates from previous cycle, i see the possibility of the next leg up to finish this bullrun.

Please let me know what you think of this.

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