Why Bitcoin patterns from 2021 could lead to a 100K usdt now
I have used a line graph to make it easier to see, though it does take some details out. With candles, the % given are seen to be accurate.
https://www.tradingview.com/x/ZXBvi3CF/
So. From the point where I considered PA to start its move in Sep 2020 ( 1 ) , we saw an initial 84.6% move higher before PA took time out and Ranged, to cool off.
Similarly, the start point this time was in Jan 2023 ( 1 ) and we saw a 95.4% rise before PA took time out and cooled off.
https://www.tradingview.com/x/gWJR0ICE/
In Dec 2020 ( 2 ) , then took us up another 124% before we saw a more severe pull back ( 3 ) of -28.6%
This time round, we saw a Rise of 131% ( 2 ) before the current pull back of -33% ( 3 )
We now sit at the point where we maybe about to start the 4 leg up.
In 2021, The next rise ( 4 ) took us up 119.4%, to the next ATH in March 2021
If we were to do this again in 2024 / 2025, a simialar rise takes up to that magical 100K zone.
This time round, the whole process has taken a Lot longer, more controlled and calmer and, maybe, less likely to fall like a stone afterwards.
Amazing similarities in Price rises %.
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