Since the aggressive start of the current parablic wave in late March, Bitcoin hasn't pierced into the Ichimoku cloud, marking one of the most bullish sequences in history.
This (current) price action displays a number a parameters that resemble with the 2016 fractal that actually broke through the Ichimoku cloud and consolidated by making a Double Bottom on 1D before gradually resuming the long term uptrend.
Both candle sequences peaked at around 120 days after breaking above the Ichimoku and pulled back almost -30% from the top.
Do you think that the same pattern can be replicated?
This (current) price action displays a number a parameters that resemble with the 2016 fractal that actually broke through the Ichimoku cloud and consolidated by making a Double Bottom on 1D before gradually resuming the long term uptrend.
Both candle sequences peaked at around 120 days after breaking above the Ichimoku and pulled back almost -30% from the top.
Do you think that the same pattern can be replicated?
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