BitcoinLong
$BTC Bitcoin 3 peaks Domed House
Updated
Just a thought here using the bullish break from the 2017 bear market added on to the end portion of the 3 Peaks Domed House pattern we have been watching since back in December.
There is a lot of confluence between both the fractal, and the structure of both bear markets, although last year we got the higher high expanded flat correction that brought us to 69k to setup the original supply zone for the next Bull market.
In theory, that would setup 60k as the bear market bottom of our next major bear market.
This is more of a thought experiment that im going to watch over the next year or so, which is when, according to this fractal, we will start making new all time highs, again, in theory.
Ive attached a similar chart with this pattern on
SOXL that is playing out pretty nicely.
There is a lot of confluence between both the fractal, and the structure of both bear markets, although last year we got the higher high expanded flat correction that brought us to 69k to setup the original supply zone for the next Bull market.
In theory, that would setup 60k as the bear market bottom of our next major bear market.
This is more of a thought experiment that im going to watch over the next year or so, which is when, according to this fractal, we will start making new all time highs, again, in theory.
Ive attached a similar chart with this pattern on
SOXL that is playing out pretty nicely. Note
Another pattern that may actually fit better to the continuation of this pattern would be the Weekly SPX chart, starting at March 2009. This is also an instance of the 3 peaks Domed house pattern, for anyone curious.
Note
I only bring this up, because it kind of looks like BTC has already formed the double top style distribution portion of this pattern, and the fractal i used includes the Covid dump. As a thought experiment, you could start the bullish continuation from our current lows at the covid low.
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