VERY similar setup on the 1W Heikin Ashi chart from mid 2018
bunch of red candles followed by green, red, and 3 more greens. MACD crossed to positive territory but not very bullishly in '18 just like it's doing now
led to a large descending triangle that finally broke the vaunted $6k level back in the day
if history were to repeat itself, we could expect BTC to fall to the 200MA around $5k (probably mid 5s by then)
would be a DREAM to buy there. would also line up with my previous idea about this current wave 5 down to the $5k region
bunch of red candles followed by green, red, and 3 more greens. MACD crossed to positive territory but not very bullishly in '18 just like it's doing now
led to a large descending triangle that finally broke the vaunted $6k level back in the day
if history were to repeat itself, we could expect BTC to fall to the 200MA around $5k (probably mid 5s by then)
would be a DREAM to buy there. would also line up with my previous idea about this current wave 5 down to the $5k region
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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.