Price Pattern Repeat! Quick #BTC chart analysis 📈
Today, we're comparing the current price chart with the 2015 - 2017 cycle.
The cycle of 2015 - 2017 is highlighted in green, juxtaposed with the current cycle. Just observe how the modern price dynamics are mirroring the prices of 2015 - 2017. Our correlation coefficient? A staggering 80% plus. 😮
Without any extra strain, the resemblance in price charts is striking. In the past, price consolidation was a long game (it was a sideways trend), followed by a strong pump and liquidity collection above local maximums.
As of now, the price is also consolidating over a significant stretch of time. If the price dynamics continue to follow the fractal of 2015-2017, we're looking at a potent price movement in the very near future. Should the movement be upwards, which is the more likely scenario, our potential target rings up at $42 - 48k. However, if the movement tracks downwards, an approximate level of 22k will be the movement's target, also serving as an ideal opportunity for an advantageous buy. 👍
P.S. The bull market is still a bit undercover, but a careful glance at the chart reveals it's been on the roll for half a year already. Day by day, growth is set to accelerate, making the upcoming 1.5 years the perfect period for capital augmentation. Time to strap in for the 🚀🚀🚀 ride, folks!
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
The cycle of 2015 - 2017 is highlighted in green, juxtaposed with the current cycle. Just observe how the modern price dynamics are mirroring the prices of 2015 - 2017. Our correlation coefficient? A staggering 80% plus. 😮
Without any extra strain, the resemblance in price charts is striking. In the past, price consolidation was a long game (it was a sideways trend), followed by a strong pump and liquidity collection above local maximums.
As of now, the price is also consolidating over a significant stretch of time. If the price dynamics continue to follow the fractal of 2015-2017, we're looking at a potent price movement in the very near future. Should the movement be upwards, which is the more likely scenario, our potential target rings up at $42 - 48k. However, if the movement tracks downwards, an approximate level of 22k will be the movement's target, also serving as an ideal opportunity for an advantageous buy. 👍
P.S. The bull market is still a bit undercover, but a careful glance at the chart reveals it's been on the roll for half a year already. Day by day, growth is set to accelerate, making the upcoming 1.5 years the perfect period for capital augmentation. Time to strap in for the 🚀🚀🚀 ride, folks!
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
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