Just spended the day on fractals, this is what i came out with. I personally think is needed a move like this to shake out all the new trades that approcced crypto. The main reason i don't think we will end the bull run with a blow off top is due to the non-parabolic accumulation we had before the 2021 rally. My guess is that we are in a huge accumulation phase that will not end soon. Unfortunatly in the major paint, we can drop 60-80% and btc can still be in a bulllish accumulation.
@reees, Yes on a larger time range. My only concerns is all about new ATH so soon, take a look to this chart: tradingview.com/x/746vmqbo/. For sure the accumulation B1 is something that i expect but the Blue square i've drew is telling that when we will try to go back beyond 55K there will might be a bull trap.
reees
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@Nicotavee, definitely possible, and 55k will be a huge test for sure. just have to wait and see what happens!
Super_B_XinR
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good post
nsprph
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Agree! I think the bottom needs to move about 3-6 months in the future.