Based on "% retracement below 0.786 fib level" factor of 0.55 and "duration between ATH & ATL in each cycle" factor of 0.4 between previous two bear markets, the target bottom for this current cycle is between usd1k (worst case), usd2.4k (2nd worst case) and usd3.2k (0.55 factor). The question is have we bottomed? We still have one year to go in this bear market...
Cosmos BINANCE:ATOMUSDT is following that uptrending channel. Looking at previous fractal and fib retracement, a potential reversal target before reversal can be estimated.
Comparison of BITFINEX:BTCUSD price actions between previous 2nd and upcoming 3rd BTC halving events. Looking for final bounce at usd7.3k or usd5.5k supports (or somewhere in between) for similar gains from bottom is to be achieved.
BITSTAMP:BTCUSD - Noticing a similarity between current reversal as compared to previous cycle. Upon reversal after bottoming and touching 0.618 fib level, we retraced to 0.382 or slightly lower fib level. After that, the bullish trend continues and we never go lower ever again
