Read the White Text Bubble in the 2-Day Chart below. Also have a look at all the WHITE Vertical Time Lines on the chart below. In particular, I want you to make note of WHEN the White Energy is going up and crosses above the 50 percent level in the 2-Day TF. You will note the moment that occurs we see a fairly significant move upward in the price action. It appears the White Energy in the 2-Day TF (below) has a chance for passing the 50 percent level on the 2-Day Candle beginning November 27, 2019 or November 29, 2019.
You will also note I have two possibilities for possible future trek of price movement to our 1.618 FIB extension on the cover chart. I'm leaning more towards the Yellow Path with a top around $17,100 to $18,650 just before the block halving event the end of April, 2020 before having a consolidation event back down to around $12,920 to $13,880 price range around mid to late May, 2020. This would be followed by another push up to finally reach the 1.618 FIB extension in July/August, 2020 at the $23,850 to $26,400 price range.
NOTE: how we had similar price movement in 2016 after the block halving event in 2016 that's quite similar to the price movement in the YELLOW PATH plotted on my cover chart. The chart below is the price movement in 2016 after the block halving.
I added a CUSTOM FIB EXTENSION with a coordinate of 1.327 to match the first high of the stepping stone to our 1.618 extension in 2016 after the block halving of 2016. I will follow up with a similar CUSTOM FIB extension for present day in a few minutes.
Phase D has three (3) MAJOR Events.
#1 - Breakout with AUTHORITY to show a "Sign of Strength" above the previous high acting as resistance. We saw our "Sign of Strength" when we broke out above $4,236.84.
#2 - Multiple "Last Points of Support" (LPS)'s during consolidation AFTER reaching exhaustion on our high of the Sign of Strength.
#3 - "Sign of Strength" to Break out of our previous high (resistance) of $13,880. Once we see a Break Out with AUTHORITY above $13,880, we know we have made the transition into Phase E to establish multiple higher highs to act as stepping stones to our climatic event at the end of Phase E, called, "Buying Climax." It can take a year or more to reach a "Buying Climax" at the end of multiple stepping stones of consolidation to that climatic event. The previous Phase E was a duration of approximately two years (2016 and 2017).
HAPPY THANKSGIVING EVERYONE!
Interesting... thanks for sharing... ; )
I'll provide a video publication within the next hour or two.
Thanks for your kind words, itsshahbaz!
Stay Awesome! ; )