Like, yes, the market does move in cycles, but we'd take the 2016 graph above with a grain of salt. After all, the amount of money in the market, the number of traders in the market, and mass adoption are all very different now than they were in 2016. It's a very different situation.
But still, it gives you perspective.
this guy @lordoftruth is saying the same thing.. and it is currently happening. H&S has formed. just waiting for the breakout to happen.
https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-601-keep-an-watching-eye-on-7-614k-7-770k-area