Bitcoin Can it rise that fast that quickly
First of all let’s start by pointing out that so far, the time period between the Channel’s two Higher Highs and two Higher Lows has been almost the same (210 days against 216 respectively). Assuming the next Higher High has the same distance from the previous, that times it on June 08 2022. Even if we use the distance from the Higher Low to Higher High measurement (which however so far gives only one event), which is 140 days, that places the next Higher High on June 13. Can Bitcoin rise that high that quickly?
** Where are we in relation to the last bottom? Ichimoku , RSI and MACD approaches **
One way to answer this is to determine where we are based on the last bottom/ Higher Low of the Channel Up. The March 28 High got rejected on the 1D MA200 (orange trend-line). A similar but only near rejection was made on June 15 2021, so that is too soon on the previous fractal .
On the other hand, the fact that since April 11, the price entered and stayed within the green Ichimoku Cloud , brings us to the similar September 20 – October 01 2021 stage. That is matched fairly well by the RSI of the two periods.
