This is Bitcoin's Accumulation, Rally, Peak and Repeat sequences since the Bear Cycle bottomed in December 2018. I won't go into much detail as I think the chart is pretty much self-explanatory. One small note, the chart is on the 1D time-frame while the RSI below is on the 1W time-frame to better grasp its movement and the point where we may be at compared to the previous sequence.
As you see each sequence starts initially with an Accumulation Phase followed by a Golden Cross (when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line)) which leads to a Parabolic Rally and ultimately the Peak of the sequence.
Currently it appears that we are on the 3rd successive such sequence and in particular in the last shake out/ consolidation before the Parabolic Rally, as BTC has already formed a Golden Cross. Each Peak is +0.5 Fib extension higher. If this sequence holds it means that the next Peak should be on the 2.0 Fib ext. That is well above 150k currently and depending on how long this 3rd sequence lasts, it should be even higher.
Is this a roadmap for you or not? Feel free to share your work and let me know in the comments section!
@brary, I can't understand your belittlement that I started using the app 8 months ago. If you think differently or argue that I have made a wrong analysis, please enlighten me with your correct information. Otherwise, this humiliating attitude will only be your fault. On a platform where everyone can openly share their opinions, your behavior is nothing but bullying.
there is no breaking in RSI 1W. if btc wont broke the line, btc still bearish