BTCUSD: 300 day rally has just started?

Bitcoin is overbought on all long term charts, even on the 1M (RSI = 76.950, MACD = 8398.200, ADX = 50.431). On the 2M chart is past a LMACD Bullish Cross that has been always formed during the past two Cycles before the parabolic rally of the Cycle. Historically the All Time High breaks shortly after the Bullish Cross. In 2020/21, the rally lasted for approximatelly 365 days and in 2017 for 304 days. So we should be expecting an aggressive rally to start now lasting to at least November 2024 (304 days).

See how our prior idea has worked out:


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