๐ฅHISTORY TO REPEAT ITSELF, BTC TO RISE AGAIN 20th-22nd JUNE
As we can all see on this chart, this is replica of what happened early this year (January, 2021).
On 8th January, price found itself in a tight triangular zone and eventually left the zone 21 days after with a breakout and a retest which led us to $57,500.
History repeated itself again and price got into the same tight triangular zone on 19th May 2021 and it's still dwelling within the zone.
Therefore, I expect an upward breakout from the triangle and a pull back to confirm a good buy to $57,500 just as I happened on 29th January.
Therefore I expect Bitcoin to regain it's full rising strength within 20th-22nd June.
This idea is invalid if price breaks the support zone within $28,800-$30,000 downward to $26,000.
What do you think?
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On 8th January, price found itself in a tight triangular zone and eventually left the zone 21 days after with a breakout and a retest which led us to $57,500.
History repeated itself again and price got into the same tight triangular zone on 19th May 2021 and it's still dwelling within the zone.
Therefore, I expect an upward breakout from the triangle and a pull back to confirm a good buy to $57,500 just as I happened on 29th January.
Therefore I expect Bitcoin to regain it's full rising strength within 20th-22nd June.
This idea is invalid if price breaks the support zone within $28,800-$30,000 downward to $26,000.
What do you think?
Share your opinion in the comment sectionโ๏ธ
Please support this idea with a LIKE๐ if you find it useful๐ฅณ
Follow me to receive more updates on this pair๐ค
Happy Trading๐ฐ๐ฅณ๐ค
Trading Involves High Riskโ ๏ธ
Not Financial Advice๐ธ
Use Proper Risk Management๐น
Thank you for your support!๐
NB: If you would like to have one-on-one interaction with me about analysis of coins or currency, DM me.
๋งค๋งค ์๋์ฒญ์ฐ:
Fortunately and unfortunately, price broke out early. A bullish movement will follow