I first tweeted this fractal at end of September
What happened then in 2017 and now
1) We make a temp top (Top1) and drop 60% in price - DONE
2) We make a double top (first red arrow) - DONE
Next predicted as per fractal
4) Support from 21WMA (green arrow) - DONE
5) RSI taking support from blue line - DONE
6) RSI following our red squiggly path - InProgress
Both these events now happened after creating a double top pattern, which adds more weight to this fractal playing out similar to last few months 2017 bull run
Next steps as per the fractal
7) Price makes a triple top - Happening NOW
8) Correction towards 21WMA - TODO
9) Support from 21WMA - TODO
10) Break above 4k resistance (red bar) - TODO
Finally
11) Make new highs - TODO
12) Go above $10,000/ETH - TODO
Interesting/Bullish coincidence: The third top was made on 16th October 2017 and we are seeing the same 3rd top formation on 18th October 2021
Confirmation of this bullish fractal
All the best!
What happened then in 2017 and now
1) We make a temp top (Top1) and drop 60% in price - DONE
2) We make a double top (first red arrow) - DONE
Next predicted as per fractal
4) Support from 21WMA (green arrow) - DONE
5) RSI taking support from blue line - DONE
6) RSI following our red squiggly path - InProgress
Both these events now happened after creating a double top pattern, which adds more weight to this fractal playing out similar to last few months 2017 bull run
Next steps as per the fractal
7) Price makes a triple top - Happening NOW
8) Correction towards 21WMA - TODO
9) Support from 21WMA - TODO
10) Break above 4k resistance (red bar) - TODO
Finally
11) Make new highs - TODO
12) Go above $10,000/ETH - TODO
Interesting/Bullish coincidence: The third top was made on 16th October 2017 and we are seeing the same 3rd top formation on 18th October 2021
Confirmation of this bullish fractal
- Weekly candle does NOT close below 21WMA
- 4k resistance is taken out
- RSI breaks above red resistance line
All the best!