Price Pattern Repeat! Quick #BTC chart analysis ๐
Today, we're comparing the current price chart with the 2015 - 2017 cycle.
The cycle of 2015 - 2017 is highlighted in green, juxtaposed with the current cycle. Just observe how the modern price dynamics are mirroring the prices of 2015 - 2017. Our correlation coefficient? A staggering 80% plus. ๐ฎ
Without any extra strain, the resemblance in price charts is striking. In the past, price consolidation was a long game (it was a sideways trend), followed by a strong pump and liquidity collection above local maximums.
As of now, the price is also consolidating over a significant stretch of time. If the price dynamics continue to follow the fractal of 2015-2017, we're looking at a potent price movement in the very near future. Should the movement be upwards, which is the more likely scenario, our potential target rings up at $42 - $48k. However, if the movement tracks downwards, an approximate level of $22k will be the movement's target, also serving as an ideal opportunity for an advantageous buy. ๐
P.S. The bull market is still a bit undercover, but a careful glance at the chart reveals it's been on the roll for half a year already. Day by day, growth is set to accelerate, making the upcoming 1.5 years the perfect period for capital augmentation. Time to strap in for the ๐๐๐ ride, folks!
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! ๐๐๐
The cycle of 2015 - 2017 is highlighted in green, juxtaposed with the current cycle. Just observe how the modern price dynamics are mirroring the prices of 2015 - 2017. Our correlation coefficient? A staggering 80% plus. ๐ฎ
Without any extra strain, the resemblance in price charts is striking. In the past, price consolidation was a long game (it was a sideways trend), followed by a strong pump and liquidity collection above local maximums.
As of now, the price is also consolidating over a significant stretch of time. If the price dynamics continue to follow the fractal of 2015-2017, we're looking at a potent price movement in the very near future. Should the movement be upwards, which is the more likely scenario, our potential target rings up at $42 - $48k. However, if the movement tracks downwards, an approximate level of $22k will be the movement's target, also serving as an ideal opportunity for an advantageous buy. ๐
P.S. The bull market is still a bit undercover, but a careful glance at the chart reveals it's been on the roll for half a year already. Day by day, growth is set to accelerate, making the upcoming 1.5 years the perfect period for capital augmentation. Time to strap in for the ๐๐๐ ride, folks!
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! ๐๐๐
โ
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