The concept of 7 isn’t new, it has been identified it all kinds of assets for Gold to S&P 500. Bitcoin followed the stock market, pivot at similar price points with a decimal shift. The pivots up and down seem to occur in fractals of 7. Go check the charts yourself. The 7 seems to moreso align with time frame from tops to bottoms, and bottom to tops. Bitcoin double tops in 2021 occurred 7 months apart. Dogecoin topped 7 months before bitcoin, lagged 7 months before bitcoin, and took 7 months to top starting from the start of its macro Elliot Wave 1. Since the 4 year cycle is waning, a drift to a 7 year cycle from bottom to top seems the mostly likely shift. Here I show how Dogecoin seems to be following the same fractal pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
