ATHs (all-time highs) and halving indicated with bubbles
3 macro triangles all played out with their implied direction (descending = downside break, ascending = upside break)
The green parabolic trend since genesis has provided support
Very speculative macro symmetrical triangle potentially in play (50:50 breakout). This is only shown because of the massive confluence between this, the green genesis trend line and a ~3-year rising channel (although this is a bearish formation, assets can stay in macro channels for upwards of decades +)
Blue boxes indicate price touching parabolic trend line
BTC never tested its previous bull market ceiling. This would result in the drop shown by price levels. The 40% markup is the average in price distance (above) that BTC fell in relation to the market's previous ceiling. Testing this 40% mark and rebounding could be considered a confirmation of testing the previous ceiling when the macro trend begins to change (weekly is no longer down trending).
3 macro triangles all played out with their implied direction (descending = downside break, ascending = upside break)
The green parabolic trend since genesis has provided support
Very speculative macro symmetrical triangle potentially in play (50:50 breakout). This is only shown because of the massive confluence between this, the green genesis trend line and a ~3-year rising channel (although this is a bearish formation, assets can stay in macro channels for upwards of decades +)
Blue boxes indicate price touching parabolic trend line
BTC never tested its previous bull market ceiling. This would result in the drop shown by price levels. The 40% markup is the average in price distance (above) that BTC fell in relation to the market's previous ceiling. Testing this 40% mark and rebounding could be considered a confirmation of testing the previous ceiling when the macro trend begins to change (weekly is no longer down trending).