Repeating fractal pattern

2019年11月28日

I don't expect to see an ATH before the halving, or even for several months after it. The triangular cycle is not complete, one more iteration is necessary before the halving. We have yet to see a C event for this current cycle, and the B-C transition period (denoted by a yellow ellipse) is very depressed as compared to the previous cycle, but the B candle is much larger also. This could be a sign of a more forceful cycle on the next iteration, or a sign that the pattern is going to break down to ATL. Of course, bitcoin has always been risky. With the halving so close, though, I doubt that scenario is the most likely. The next cycle will be another smaller triangle and a drop off, followed by a consolidation period (A) a parabolic run up (B) a corrective phase (C) and another smaller triangle above C. Once the halving is completed a slow parabolic phase will be triggered that will take us to ATH by January 2021.