Vertical gold lines: halving dates
Dark red lines: Prior cycle tops (candle wick tops)
Lighter red lines: Prior cycle body closing tops (notice how much tighter this cycle is; small gap between both light & dark lines)
Green Circles: I am pointing out my belief that we are currently right around the January 2017 weekly . Meaning, we're getting up to an area very close to prior ATH , but will not pass it and ultimately have a correction at/near our key 21-weekly .
The 21-weekly is key because: during our prior bull cycle look at all of the . During the run up to $20K we stayed above that line. We may have had a wick below it, but we ultimately closed the week above this . I am expecting the same price action to play out.
This implies once we top here, we should see a correction in the $12k-$13k price range. We'll have to see how the week closes and how the new 21-weekly prints; should print in the mid $12Ks.
Either way, we are VERY close to printing new ATHs in Bitcoin and seeing our first massive Altseason.
As always, unemotional patience.
Unique Value I add to this space: