As shown in the chart, I have seperated the charts in coloured blocks to show the same patterns occur in both cycles.
In the last block we can see the last drop before a new cycle started, this drop is occuring as we speak. Perhaps the final drop before we can start a rally again.
Besides the pattern on the we can see more similarities.
For example the during this 'block' first crossed on the daily, and the price went sideways. Then the proceeds to cross on the daily.
When this happens, the also takes a dip into oversold condition on the daily. This will/may act as a spring later on after the drop .
This is purely speculating to find the bottom on BTC and to try and predict a future rally.
Altho both patterns are very similar, take the chart with a grain of salt.
If the fractal is honored, run should start within 24 hours
Price hit fibonacci extension perfectly
We all saw what happened there. So lets expect a huge bounce in few days... maybe a week or 2