peter-l

History is always strikingly similar - How Bitcoin Goes 4

BITMEX:XBTUSD.P   Bitcoin
My article, published on February 9th, "Will Bitcoin still be a b-wave rebound?" The target for the rebound should be $11,000, it predicts. The February 13 high was $10,550, which is what we expect so far.
We know that one of the foundations of technical analysis is that history will repeat. In November 2019, it fell from $10,584 to a low of $6,410 before starting to rebound.
And we see that the original decline and the current trend is very similar. The currency has been down for 18 trading days along the ma6.
Let's now compare the two movements. And in the 2-hour chart, there is also a bottom divergence of macd.
Suggestions:
Wait for the right signal to enter.

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