Man0war1983

BTCUSDT - Mid Cycle Top

Man0war1983 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Here BTC shows us that once it tops the legacy trendline a +50% correction is imminent.
However, following these moves a massive upswing takes place.
Comment:
Comment:
Above is a different perspective of the same chart. On the Weekly timeframe i pulled a bar pattern starting from 01/28/2019 and compared it to now. Looks like a clear fractal is playing out and it also lines up pretty well to the target box.
Comment:
Comment:
Above is a similar chart that incorporates S2F. Read the description to understand why each mid cycle top also represents the following cycle bottom. (green arrows)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.