MaxxCharts

Bitcoin interesting chart pattern, will it continue?

MaxxCharts Mis à jour   
BITFINEX:BTCUSD   Bitcoin
Get on those tin foil hats! We have an Interesting pattern on bitcoin where we see a trend change around the 6th of the month and the fractals taken from two month prior line up well. I do not think this will continue, but I've made a chart to keep an eye on it.
Commentaire:
I put on my tin foil hat again today after seeing the LUN price action. I remembered that LUN has had these movements before, after looking back on the daily chart LUN has seen large pumps 50-160% 5 times. I then looked at how the bitcoin price reacted in the following day and this is what I found:

01/6-01/10 LUN pumped 137.45% Next day (01/11) BTC -15.73%
01/27-01/29 LUN pumped 52.5% Next day (01/30) BTC -12.35%
02/23 LUN pumped 160.35% Next day (02/24) BTC -10.95%
04/03 LUN pumped 70.62% Next day (04/04) BTC -9.93%
05/13 LUN pumped 132.69% Next day (05/14) BTC ?_____?

This is likely just a coincidence and it cannot go on forever.
Commentaire:
Commentaire:
So...looks like the pattern played out this month, even calling yesterdays fractal with a correctional daily on the 4th. If it continues to the 6th I would look for 7160 range for a bounce.
Commentaire:

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.