turbocharts

turbocharts

Just for fun! Orange zone: cyclical bottom and consolidation on the 200 week moving average Red zone: sharp rally right before halving date, followed by correction, then a strengthening parabolic advance Green zone: the blowoff top at the diagonal resistance trend line, approximately 75 weeks after the last halving

turbocharts

The late-2015 breakout from the preceding bear market saw a quick parabolic rise followed by a correction, then reaccumulation and consolidation 2019 has seen a similar parabolic breakout, but with greater magnitude and duration. IF we are to follow the post breakout correction/consolidation pattern of the previous cycle, one should be mentally prepared for the...