I hadn't been comparing our current top to the 2021 top because I thought 'there ain't no way' and anticipated a lot of ppl drawing comparisons, so would probably be a meme.
However what I will say is, back in 2021:
- We tagged prior ATH and put in a monthly SFP
- Retraced to the 0.236 fib.
- Reset RSI into the Daily 50% level
Before going on to rally higher the following month, before putting in another monthly SFP - then the rest is history.
For our recent top we have:
- Tagged prior ATH and put in a monthly SFP
- Retraces to the 0.236 fib
- Reset RSI at the 50% level.
So I'll continue looking for longs into support areas.
But I mean surely we aren't about to run it up again, make another marginal high, close June as an SFP, then nuke ..... right?
Imagine
I'm personally still looking for 125k+ this year but will remain objective and keep the above similarities in mind. Going to be an important couple of months...
$BTC