2018 Q2 No Spring This Spring, But Summer Will Sizzle
Updated
TLDR: We should see a continuation of the bear trend leading to THE bottom here in 2018 where the steaks will be set to the fire followed by some large ranging during the summer where we get those sirloins nice and ready.
Looking at the 2014 Fractal, I believe we are at the #1 marker around November 2014. We may not see such a huge spike up in price like before, but I believe we should see some UP side due to the daily TDI being so stuck to the bottom of the indicator. If that should not happen then the next target area will be the GREEN BUY zone at $4800; -75% pull back from 20k ATH. There is also a GREEN BUY zone at $2800 area since that is the 2nd last ATH and could serve as the ultimate bottom for 2018 with a -85% pullback from the 20k ATH.
The #1 and #2 are just pointing out the shape of the 55 SMA on the Daily chart. The right (current) chart is a 4h chart and the 200 SMA might be more representative. This is due to me believing that we are moving at a rate of 4x compared to before. This gives a little more detail in the peaks and valleys.
You will know that we are done with the down and will never see these price levels again once we do an obvious double bottom in the wide GREEN BUY zone, which could also be in the secondary GREEN box fi that is what the market makes for the ultimate bottom. Either way look for the double bottom and LONG the !@#$ out of it!
Looking at the 2014 Fractal, I believe we are at the #1 marker around November 2014. We may not see such a huge spike up in price like before, but I believe we should see some UP side due to the daily TDI being so stuck to the bottom of the indicator. If that should not happen then the next target area will be the GREEN BUY zone at $4800; -75% pull back from 20k ATH. There is also a GREEN BUY zone at $2800 area since that is the 2nd last ATH and could serve as the ultimate bottom for 2018 with a -85% pullback from the 20k ATH.
The #1 and #2 are just pointing out the shape of the 55 SMA on the Daily chart. The right (current) chart is a 4h chart and the 200 SMA might be more representative. This is due to me believing that we are moving at a rate of 4x compared to before. This gives a little more detail in the peaks and valleys.
You will know that we are done with the down and will never see these price levels again once we do an obvious double bottom in the wide GREEN BUY zone, which could also be in the secondary GREEN box fi that is what the market makes for the ultimate bottom. Either way look for the double bottom and LONG the !@#$ out of it!
Note
We hit all the RED zone targets I had placed previously, so now I am wondering if I cut it too short this time. Looking back at the fractal in 2014 I have overlayed a green box showing the percent up from the line of consolidation and accumulation.This would put us more at $9,000, however I do see the Daily 200 SMA at around $8,800.
Note
Comparing the 2014 Weekly chart to today's 3 day chart seems to be matching up nicely. This most recent pump puts us right at the Monthly Pivot Line. We could be nearing the top of this movement.
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