Recently discovered a K-line structure mysticism,
First, the conclusion:
A top divergence at the daily level requires a bottom divergence at the daily level to reverse. The greater the divergence, the stronger the correction; conversely, the same applies.
Looking at Bitcoin $BTC , the top divergence from last November and December,
was not completely reversed until the bottom divergence in March and April of this year;
Currently, it seems that a mild top divergence has actually formed in July and August,
What kind of bottom divergence is needed to correct this?
If we roughly linearly extrapolate, will it be around November and December?
Now looking at Ethereum $ETH , the mild bottom divergence from last August,
led to a mild top divergence reversal in December last year;
Continuing, a strong bottom divergence appeared in April of this year,
And by the end of August, a clear top divergence has formed,
So when will the next bottom divergence occur?
If a mild reversal lasts for 2 months, a strong reversal lasts for 4 months,
Then let’s say a clear but not very strong divergence reversal lasts for 3 months.
For all the brothers and sisters in the bull market, see you in November 🙃
The above is purely mysticism,
But compared to the previous point estimation method,
I feel that the pattern structure law is more reliable.
Forget about 135000, let’s aim for 150000 and 165000.
