similar time cycles between this and previous bull run.
If we count purple time cycle we have almost perfectly the same amount and bull run it's over.
Green time cycle says we have some more time for bull run.
But price seems acting as previous bear markets beginning. Breaking weekly ema 21 and touching ema 50.
Both previous crash price couldn't break to the upside 38,2% fibo, now i think it's crucial for bull market continuation to break 43k area (38,2% of this retracement)
To me we can't count march 2020 as alow due to covid-19.
That's what i see now
replies with your thoughts and ideas are welcome
If we count purple time cycle we have almost perfectly the same amount and bull run it's over.
Green time cycle says we have some more time for bull run.
But price seems acting as previous bear markets beginning. Breaking weekly ema 21 and touching ema 50.
Both previous crash price couldn't break to the upside 38,2% fibo, now i think it's crucial for bull market continuation to break 43k area (38,2% of this retracement)
To me we can't count march 2020 as alow due to covid-19.
That's what i see now
replies with your thoughts and ideas are welcome
Comment:
parallel trendlines suggest top may have been reached
