Bitcoin vs Gold's Crash Pattern of the 2010's

This pattern seems to match up very well. As you can see the first pattern consists of a wedge (white lines) followed by curved resistance (bullish), followed by upward curved support then concluded with a final kick back and a distribution pattern. If Bitcoin continues to follow Gold's crash pattern of the 2010s, we should expect significant price action to the downside over the next few months.

Commentaire:

This idea will be invalidated if we can find a way to break through the blue resistance line in the chart below....