So far we can safely say that the structure since the bottom on November 21, 2022 is quite similar to that from January 29, 2019 to April 23, 2019 and the 1D gold cross. As you can see on the chart, both sequences started with an upward channel on the 1D MA50 (blue trend line), then consolidation before a very aggressive wave that broke above the 1D MA200 ( orange trendline) that was formed later rising The speaker style that led us to today’s Golden Cross. RSI Wise we are on the same thing bull flag along the prize megaphone.
After the golden cross, the structure rose in 2019 by another 150% from the day of the cross to the feast of June 26, 2019. Obviously, this rise is not easy to recreate at all because it was also pushed by the fundamentals of Libra and that would +150% increase from Today’s lows could mark the top of the $57,000 rally.
Unrealistic or not, it’s up to you to judge, so feel free to tell us what you think in the comments section below! Will we repeat the march in 2019?
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