If we were to mirror the last strong push and correction

Feb 13, 2021

If we mirror the last strong push at the end of December and the subsequent correction, we would first have a very brief 10% pullback, a resumption to 56k USD and then a larger correction back to 44k USD.

I don't purport to be an expert here, just drawing out for myself what some likely scenarios may be at this current point. It will be interesting to see how the current level, FOMO and additional interest in Bitcoin will impact both the timing and extent of any pullback. Everyone says 'a shakeout is coming' and I certainly know from my psychology, it was very hard to buy back in with vigor in late January. Obviously that was the time to do so. But that tells me also that a consolidation would continue into March at that point.

Feb 16, 2021

Note

Seems like we are finally exiting the current channel. Is this where we test a lower support?

Feb 18, 2021

Note

Seems that the support is much higher than everyone has been hoping for. lows right now are very shallow and fast.

Feb 24, 2021

Note

Before I move on from this idea.



Let's see what's next.