BTC / USD - Current structure looks similar to 2017 Bull Run

2020년 8월 2일

Just an observation:

If you zoom in to the daily or 4 hour and look at the structure prior to the first circle on the left:

• You will see bitcoin's daily chart looked nearly identical to our current monthly chart just prior to the 2017 run up to
  our last all-time high.
  
• Also, if you zoom in on both circled areas on the smaller time-frames, you will see that they also have a nearly identical structure.
  

Note - the green trendline on the left was drawn on the daily line chart (monthly does not display its peaks and valleys correctly).

This is bitcoin we're talking about though, so a polar opposite reaction is still possible. Always have a plan for every scenario.