Fibonacci Timezone is marked in Blue.
Looks like Feb 2016 was the start of the Great Bull Run for both Bitcoin and Stock Market.
BITCOIN 02/2016 - 11/2017
Retracement to 0.23 Fib ( $3100 zone )
S&P 02/2016 - 02/2020
If the same as in Bitcoin , Estimated Retracement 0.23 Fib ( $2100 zone) .
BTC wave Curvy is marked in orange.
Wave up 2/16 - 11/17 (21month)
Wave down 11/17- 11/20 (36month)
Wave time cycle ratio: 21/36 (0.58)
S&P wave Curvy is marked in orange.
Wave up 2/2016 - 2/2020 (48 month)
Estimated wave down 2/20 20- 11/2020 (9month)
Estimated wave time cycle ratio: 48/9 (5.33)
After comparing the numbers
We notice that Bitcoin gained ATH faster and retraced slower than S&P500 .
Keep in mind the correction can continue unfolding.
This analysis assumes we are in BULL MODE ON MONTHLY.
These are support and resistance based on Fibonacci retracements
Also, Fibonacci timezones
EXPECT NEXT BIG MOVE in November 2020(next fibo timezone)