According to BTC history We had only 3 major bullruns (2013-2017-2021)
in 2017 we didnt have any strong correction inbetween
but 2013 its looks like 2021 (until now)
in 2013 : –April : first ATH –May and Jun : deep correction –August : recovery –September : slight correction and sideway –october to december : huge bullrun and new ATH
We in 2021 now still follow the same way exactly like 2013 ..Just compare by yourself !
if we continue like 2013 ..then new ATH expected in coming months But as long as BTC didnt close daily / weekly above 55K we still dont have the confirmation
Do you believe in this fractals ? New ATH or we already topped ?
Best of wishes 🙏
Comment
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🔴 Update
My idea above Its just a comparison view .. BTC in sensitive area ..i think mid to late October is decision for November and December how will they go
See my previous idea below to understand the other scenario too 👇
I am also looking for November for the bulls to take the lead. Nice chart.
Babenski
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@AlanSantana, thats nice ,really appreciate your support 🙏
maroff
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I have a big problem with those comparisons: the change of the market. at the end, you have to focus on the price action right now. everything else is just speculation.
@WillTMoney you think 250k this year or in the next bullrun ?
TraderFromTheNorth
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@Babenski, I don't think we will ever get the kind of parabolic skyrocket moves in Bitcoin and Crypto after this bull run. Stricter regulations and sanctions are coming in after this run. It's just like the end of the gold rush or prohibition with alcohol... we may never see these insane gains again. Not saying it won't still be profitable, but the profits might not do what they've been doing up to this point. I believe this run could sky rocket. I won't even try to predict a top. When Bitcoin takes off... I'm just gonna grab my popcorn and watch the fireworks.
fringe_chartist
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Right now, 30 week log returns is approaching 0 and about to decline into negative territory. During Sept 2013, 30 week log returns was 6.0 and rising. Investor sentiment is not similar at all. In other words, in 2013, people were loading up on longs whereas now longs are becoming exhausted. It doesn't really matter what the candlesticks looks like, returns drive investor and herd sentiment.
Think about it this way: if your portfolio was about to go underwater, would you look back when returns were much much higher and comfort yourself by convincing yourself this is where you are? All because of 1 years worth of candlesticks?
Babenski
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@a83hj9jago8w4gb2gvbczxjn35 its just spectacultion i dont say it will happen ..just a comparison
we share all possible scenarios the most important this is price action and monthly candle closure