I noticed a trendline is being formed in this recent BTC rally and apparently it always pullbacks on it at 0.786 fib line of the previous surge. Then the next surge reaches the 1.618 fib line. Rinse, repeat.
If this is to happen a third time, I expect a pullback to 5420 and another rally to 5700+.
I can even tell you the exact time when the rally will begin: 00:00 UTC.
Too good to be true, right?
This is not a serious analysis, just spotted a repeating pattern and wanted to display the outcome if it were to repeat itself a third time.
Also it gives me the chance to tell you "I told you so".
If this is to happen a third time, I expect a pullback to 5420 and another rally to 5700+.
I can even tell you the exact time when the rally will begin: 00:00 UTC.
Too good to be true, right?
This is not a serious analysis, just spotted a repeating pattern and wanted to display the outcome if it were to repeat itself a third time.
Also it gives me the chance to tell you "I told you so".