Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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I've had this theory that there's some sort of predictability to these cycles so I started playing around with it and found some very very interesting info. The Yellow lines at the bottom left are drawn to match the range of candles from the last major BTC dip to the peak before this most recent retrace. I then simply copied and pasted them and moved them over to the current trend. I'm publishing this kinda late, but I've had these lines plotted for two weeks now and it seems like we are following them very strongly. Based off this, Fibb, and cycle times, here's my analysis.