Hard not to notice the similarity in the parabolic run from this winter compared to 2019. I hadn't considered this fractal until I matching them up. Both bull runs come from the lower bands of the logarithmic growth curves to around the mid-band, with approximately a +250%.
This would imply a 6-month long down-trend extending to a 50% correction. Therefore re-test of $20K could on the cards, possibly as low as $18K if the fractal continues, while remaining long-term bullish.
This would imply a 6-month long down-trend extending to a 50% correction. Therefore re-test of $20K could on the cards, possibly as low as $18K if the fractal continues, while remaining long-term bullish.
