The 2018 bull market above has 7 letters. A,B,C,D,E,F,G.
The 2020 bull market above has the same 7 letters.
I created lines on both bull markets to show the similar parts of the structures.
The two upsloping blue lines are the weekly candle close lines from both bull markets.
I circled the tops of both bull markets at both point B’s.
The crash to point C in both markets was to the weekly candle close line(the two upsloping blue lines).
Both bull markets go up to make a high at point D. (This is where we are today at 53k. 53k this year is the same as 10,500$ in 2018)
In bull market 1, it crashed through the upsloping blue line to a 1.272 fib extension down to point E. This means we will crash down to 22k next month(as that is the 1.272 fib extension.
In bull market 1, after the second top at point F… it does a 1.618 fib extension of points E and F. Which gives a target of 3900$ exactly. Point G was exactly on the 1.618 in bull market 1. This means, if it follows… The bottom of this bull market is a staggeringly low… 2500-3000$. Some time around march 15th, 2022.
Bull Market #1
Bull market #1 started at point A around 3100$ in december 2018.
It went up to point B (the circled area which is the topping cluster) around 14k .
It dropped to point C. (the first drop after the top)
It went up to point D. (up to 10.5k)
It dropped to point E. (this was a 1.272 fib extension from points C and D)
It went up to point F. (this is a with point D. it is at the intersection of the upsloping blue line and the high at point D)
It dropped to point G. This was the bottom of the market. Point G was a 1.618 fib extension of points E and F.
Bull Market #2 (Our current bull market)
Bull market #2 started at point A2 around 3900$ in march 2020.
It went up to point B2. (the circled area which is the topping cluster) around 65k .
It dropped to point C2. (the first drop after the top)
It went up to point D2. (this was us topping at 53k a few weeks ago)
Now, here’s where price is right now. Everything from here on is a prediction based on the 2018 .
Point E. The 1.272 fib extension is 22k. This means we drop to 22k in a month or so.
Point F. This means that the next high after 22k is 53k as a . If it is at the same intersection of the second upsloping blue line… this means 53k happens again around end of january.
Point G. Following the previous bull market… this means that the bottom of this market very well could be a 1.618 fib extension of points E and F. Which gives a price of 2500-3000$. Some time in March.
Conclusion. I believe we are entering the great depression. I believe we will have a covid lockdown in march 2022 just like we did on the last major stock market crash in march 2020. I believe it is mostly a distraction from the collapsing financial system.
The great reset.
Everything else in the world right now is a distraction from this.
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