On May 3rd I made a study(see link below) based on the question if it wasn´t time for a Retrace 2 Reload to the 50% line or halfway the last rally. Price extended until the 2.618 Fib Arc and a simple pattern fitted perfectly within the Arc, but Bitcoin was not ready yet and after a small correction broke out and made a last $160 move before a tiny correction.(on ).
On the Okcoin weekly chart( BTCUSD1W ) this last breakout was smaller about a $100 and price was lower and went to my Feb. 13th projection of $1480. This is because the Chinese markets are of little meaning and this is seen in , liquidity and which these markets are completely devoid off.
When I reviewed that simple study from Feb. 13th and connected it to the last rally Low, high through this simple pattern from my last study(see link below), the (Circular Geometry) in the Price/time continuum revealed itself. I drew 2 Fib arcs. centered them on the High & Low in the middle of the rally. The circles intersected perfectly onto the newly formed top on which I also drew a Fib Arc which connected and intersected with both of the centres of the other 2 arcs. A perfect (Circular Geometric ) pattern based on the Fib arcs appeared. I see this pattern as the Loom of the Price/Time continuum on which the market weaves itself over time. Weaving its patterns for us to discover and project probability. As final confirmation for the possibility or probability that this is a (local) Top I used 2 Angles which exactly come together at the centre point where the Fib Arcs and the all intersect.
Now does this mean Bitcoin reached another (local) top and will hit have a reversal? or will we consolidate sigh.dways for some time to coil up and then make a Parabolic Moon Jump on 07/07?
Do your own research and draw your own conclusions, I will not do your job for you. I have used my own technique /Circular Geometry) and it all fits perfectly.
Perfection is the I of the creator.
Om Sri Satoshi Ji Namah
OM Sri Satoshi Mahadev! Jai!