Bitcoin Repeating Pattern.
The recent price action seen with Bitcoin attempting to break 9k (B) is a carbon copy the same as we saw when Bitcoin was attempting to break 6k (A).
There was bouncing between the 61.8% and 87.6%, before eventually breaking through and then extending out towards fib level 4.272 at 8.5k.
If we extrapolate that for the recent move at 9k then we get something like 18.7k (C).
Anyway thought i would share the similarities between the two.
I would not recommend trading off this chart for obvious reasons but i remain bullish.
filbfilb
There was bouncing between the 61.8% and 87.6%, before eventually breaking through and then extending out towards fib level 4.272 at 8.5k.
If we extrapolate that for the recent move at 9k then we get something like 18.7k (C).
Anyway thought i would share the similarities between the two.
I would not recommend trading off this chart for obvious reasons but i remain bullish.
filbfilb
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Publications connexes
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.