If you zoom into where we're presently at, you'll see a continuation of bull penants and ascending that are sequentially getting smaller. It looks like we are approaching a big, deciding moment now. PIVOTAL, if you will, lol. This might actually be where the correction occurs. (or some whales pump it beyond reason) And it comes at a reasonable time, too. It's Saturday night in the States, Sunday evening in Asia. People are going to take their profits and sit tight for everything to equilibrate .
This chart started yesterday with me observing a cup n' handle and wondering where BTC will correct. I decided to try the Fib Time line tool to see if the peaks that reach outside the channel meant anything. I had a professor back in the lab I worked in and, since we studied wildlife, we had small sample sizes. I remember him saying, "look, a sample size of 3 or more can be statistically significant." Rest his soul, I love him so much, guru all-star mentor/master. Anyhow, I lined up the ATH with the 2nd high (bull trap) and, Holy Mother of Moses, I am blown away that it lines up with where we are at.
So IF this fib time line holds true then we should see the next high towards the end of March, which I think why not? Spring will be in full swing for BTC to bloom .
What do you think?