Here as you can see we are already on a fractal bull cycle, also third halving of bitcoin is scheduled on May 12th. So, we can calculate that the first phase of the current bullish cycle will last around more than 520 days (Bottom made on December 15th 2018 and marked on the picture above with an arrow). That's why the people whom bought that this point are big winners.
But unfortunately, I see a lot of holders scared with the current pull back of the price which is normal but they shouldn't be.
So, here on the chart as you can see the bottom is always the point of the lowest value of price where the bearish movement(retrace phase) ends and the bullish phase movement starts.(Marked with arrows).
Also we had the same pattern on the cycles(the 49%-51%) on first and second round of bitcoin halving. so, we expect to see the the same pattern on movement for the third round of the bitcoin halving. but this time much stronger because of fundamental reasons.
An explanation about the 49%-51% cycles, you can see every bullish movement of this market can be divided into two bullish phases (marked with light/dark grey colors on the chart).
You can also checkout the current price channel of the last bullish movement(pink channel).
The current golden support area is also visible for the current phase of the bullish cycle with yellow color on the picture above.
In the other hand, as another example of trend reversal signal if you look at the black dotted trend channel, you will see a valid example of the trend reversal.
But unfortunately, I see a lot of holders scared with the current pull back of the price which is normal but they shouldn't be.
So, here on the chart as you can see the bottom is always the point of the lowest value of price where the bearish movement(retrace phase) ends and the bullish phase movement starts.(Marked with arrows).
Also we had the same pattern on the cycles(the 49%-51%) on first and second round of bitcoin halving. so, we expect to see the the same pattern on movement for the third round of the bitcoin halving. but this time much stronger because of fundamental reasons.
An explanation about the 49%-51% cycles, you can see every bullish movement of this market can be divided into two bullish phases (marked with light/dark grey colors on the chart).
You can also checkout the current price channel of the last bullish movement(pink channel).
The current golden support area is also visible for the current phase of the bullish cycle with yellow color on the picture above.
In the other hand, as another example of trend reversal signal if you look at the black dotted trend channel, you will see a valid example of the trend reversal.