The Q1 test pump in ETH's 2017 bull cycle created a new ATH, surpassing the previous one by 55%. The subsequent run increased this new ATH by a further 170%. If we transpose these percentages onto the current ATH we get a test pump top of ~0.24BTC, followed by a quite insane run to 0.65BTC. This would be almost 20X from here, not so crazy when you consider previous crypto bull gains.
I had hoped that overlaying the 2016 consolidation fractal would match these percentage values nicely; I couldn't get it to line up with 0.24/0.65 but what it did match a bit too well, is support / resistance zones of the previous pumps.
I had hoped that overlaying the 2016 consolidation fractal would match these percentage values nicely; I couldn't get it to line up with 0.24/0.65 but what it did match a bit too well, is support / resistance zones of the previous pumps.
Nota
Just realised I put 2020 instead of 2021, oh well
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.