BTCUSD History repeating or it breaks for a new ATH?
Hi Everybody,
Here is my first published idea on BTC.
I was playing with top and bottom trend lines and this came out:
If it breaks up the orange triangle around January 21, then we have 2 scenarios.
1. It goes a little below the earlier ATH, not reaching ($40k-$41K) it and then is starts the bearish trend for long term repeating the history.
2. It breaks the rules again and continues the bull run over $50k until February .
If it breaks down the orange triangle, then it will be clear that we go down.
Check also DEC 2017 in the graph to see the similarity.
Looking at MACD + RSI indicators option 1 is the one closest to reality but the hope dies last! ;)
Don't forget to hit Like button if you agree with my idea.
I will follow this with the orange triangle detailed, stay close.
Disclaimer: I am not an analyst, do not throw stones at me, I am just sharing my thoughts.
Regards,
Razvan
Here is my first published idea on BTC.
I was playing with top and bottom trend lines and this came out:
If it breaks up the orange triangle around January 21, then we have 2 scenarios.
1. It goes a little below the earlier ATH, not reaching ($40k-$41K) it and then is starts the bearish trend for long term repeating the history.
2. It breaks the rules again and continues the bull run over $50k until February .
If it breaks down the orange triangle, then it will be clear that we go down.
Check also DEC 2017 in the graph to see the similarity.
Looking at MACD + RSI indicators option 1 is the one closest to reality but the hope dies last! ;)
Don't forget to hit Like button if you agree with my idea.
I will follow this with the orange triangle detailed, stay close.
Disclaimer: I am not an analyst, do not throw stones at me, I am just sharing my thoughts.
Regards,
Razvan