1. The following is for entertainment purposes only.
2. Do not trade on this information. You will lose your money.
3. Yes I have positions and yes I am basing my decisions off of long term analysis like this
*History doesn't repeat but it often rhymes*
Two thoughts:
1. In February 2019, 5 months after the ichimoku long term and short term trend lines crossed in 2018 on the month scale, we started to see a relief rally in the bitcoin price
It's now 5 months after the trend lines have crossed bearish again. Will we see a repeat? The ichimoku cloud seems to align with this.
2. 45 months after the 2017 peak we got the 2021 peak. If we create a trend line between those points and then project out another 45 months, we would see a peak of ~123k. Conservative sure, but more realistic imo than all these million dollar projections.