Hello, I am not wanting to scare anyone here but these are common in the market. It is called Parabolic curves. This is a Parabolic curve over the course of a year and some odd months with BTC
. You can see that 2017 is needing a correction into 2018. The flags are about ready to stand 90 degrees and that is calculated on the next ATH
. If history repeats itself and the market is due for a large correction. THIS is the scenario. 2018 is going to be a major bear market which will lead to a massive bull market after the correction. They say before the Parabolic curve the ATH
Doubles in the amount of time before it comes into correction. You can see that happening before year is up. November 2017 (ending) or Beginning December 2017.
Link below to see a screenshot of this pattern. It will help you understand it!
Trade carefully on the next ATH! Longs watch your charts and your market!