Bitcoin is repeating its spring pattern. We've made a clear chart, but here is the step-by-step text explanation:
1. Formation of a parabolic up-trend with strong upward support.
2. Breakout of the support and a small consolidation below the one.
3. Price rollback above the support to the previous values.
4. Sharp pump above the strong horizontal resistance ($10000 that time, $20000 now) with only one purpose - trigger stop losses.
5. And sharp dump back below the horizontal level in order to consolidate more.
The similarity is astonishing! At the current time we're at the third step.
1. Formation of a parabolic up-trend with strong upward support.
2. Breakout of the support and a small consolidation below the one.
3. Price rollback above the support to the previous values.
4. Sharp pump above the strong horizontal resistance ($10000 that time, $20000 now) with only one purpose - trigger stop losses.
5. And sharp dump back below the horizontal level in order to consolidate more.
The similarity is astonishing! At the current time we're at the third step.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.