Were you surprised by the the A wave that wicked down to 47k last night? Over a billion dollars of liquidations occurred so many people were. If you compare the same structure at the same time in the bull market in 2017, you'll see we are in a rising wedge that began weeks ago and we just completed Wave 5 (elliott wave). So, the A wave down to the bottom of the...
There are at least two short opportunities coming up very soon with the final one returning to the 1.0 fib on the chart. Expect it to rage like hell directly into a new phase of the bull cycle after bouncing around 42k where the real parabolic action should be seen.
Fibs from last ATH and a local fib
Bull run comparison between 2017 and...
There is an uncanny resemblance indicative of history perhaps repeating itself to some degree of abstraction. Derived price targets from fib comparisons.
Analysis of a very similar fractal signature at a similar timeframe during Summer 2017.