While the past doesn't dictate the future, theres something rather persuasive about this chart. The yellow and red lines are the high and low price action from the last two cycles, beginning at ATH break until the new ATH. The blue vertical lines are set on cycle highs, possibly predicting the date of the next ATH but that assumes the time intervals are consistent between the former. However, when capturaing the the logarithmic appreciation and time interval of the first two cycles, we see they would have ended 21 days apart when overlayed on the current cycle. Therefore, 21 days offset in either direction gives us a total of three potential dates and price points for the current cycle. The organge triangle gives a broad range for potential top. The red vertical lines are cycle lows. The white vertical lines are used to split cycles into thirds, with the flat center being the apparent connector between the bear and bull trends of each cycle. The lime green boxes marked no retrace zones are the only areas on the weekly that price pushed through and never returned (the top one would presumably be smaller and might signify further downward action before the trend resumes upward. The pink lines horizontal lines identify the cycle price zone that became the low for the next cycle. A lot to digest, let me know if you have any questions. Enjoy.
Comment:
Right on schedule.