Hope everyone is well.
I started adding date ranges to this chart since 26 JUN 2019 since the price perfectly bounced off the 1.272 (which is apparently known as a bounce area across many trading instruments) and then got rejected off the WHITE LINE (1 FIB). By that point intuition was telling me that the price will revisit 1.272 area eventually for a double bottom reversal and then challenge the all time high. What I did not expect was the perfect symmetry in which the price mirrored itself.
Date ranges in red show segments of the price correcting and the green vice-versa so based on that, the golden cross (21 apr 2020) and the 3 base pattern I expect the price of Eth to reach previous all time high on 15th of January. Let's see!
I started adding date ranges to this chart since 26 JUN 2019 since the price perfectly bounced off the 1.272 (which is apparently known as a bounce area across many trading instruments) and then got rejected off the WHITE LINE (1 FIB). By that point intuition was telling me that the price will revisit 1.272 area eventually for a double bottom reversal and then challenge the all time high. What I did not expect was the perfect symmetry in which the price mirrored itself.
Date ranges in red show segments of the price correcting and the green vice-versa so based on that, the golden cross (21 apr 2020) and the 3 base pattern I expect the price of Eth to reach previous all time high on 15th of January. Let's see!
Comment:
Target reached
Trade active
Trade closed manually:
OK, that was epic! If you could flip this chart from left to right you would see absolutely no difference(up until it got to previous ATH in jan 2021). A period that started at the end of the 2017 bull run and ended at the start of the 2021 one.. and it took the exact same number of days of markdown + accumulation (jan 2018 to 26th of june 2019) as the 26th june 2019 to 2021 accumulation + markup to establishing a new ATH. Man, this is some voodoo shit and i'm still fascinated by this.