The Wave Report #7 - The final 6 months of the bull market

Reading time: 3 minutes

1. Why the 6M candle matters

Most traders never look at the 6-month chart. But when you zoom out, the signal is loud and clear:
→ Every major bull market started with a bullish engulfing candle.

A bullish engulfing candle is simple but powerful:
🟩 It completely covers the previous red candle and starts a full momentum reversal.

Here’s what we’ve seen:

• ✅ 2016: Engulfing candle → 4 green candles → Cycle top (2017)

• ✅ 2020: Engulfing candle → 5 green candles → Cycle top (2021)

• ✅ 2023: Engulfing candle → We're now closing green candle #4...

We’re exactly at the point where cycles diverged in the past.

2. If 2017 repeats: the cycle top is in

In the 2017 cycle, Bitcoin topped after 4 consecutive green 6M candles.
That’s the same count we’re closing now.

If history repeats perfectly, this could mean:

• The $112K high = cycle top

• BTC enters multi-month distribution

• Altcoins could still rally while BTC cools down (just like in late 2017)

But here’s why this might not be the end...

3. If 2021 repeats: one more candle to go

In 2021, we saw 5 consecutive green 6M candles before the final top.
If that pattern plays out again, we’re heading for one last major push. The banana phase..

If that happens:

• Final candle = July–December 2025

• Potential targets:

  • Fibonacci 1.414 (~$130K)

  • Fibonacci 1.618 (~175K) (same FIB level as 2021)

• Timing aligns perfectly with our 500-day post-halving model and SRSI roadmap from previous newsletters

This means the top is close, but not in.
It also aligns with broader altseason triggers lining up now.

Conclusion

Cycles don’t repeat perfectly.
But they often rhyme.

The next 6 months are critical and the 6M chart just gave us the clearest roadmap.
You don’t need to predict the future.
You need to position smartly as it unfolds.

See you next week,

— CrypFlow