Monthly chart accumulation patterns
Updated
It looks like BTC loves the Cup-and-Handle accumulation pattern. Maybe we are heading for a third one ?
It supports the possibility of dropping to ~20k before the markup to confirm the primary bullish trend bouncing the third time in the external primary support line.
It supports the possibility of dropping to ~20k before the markup to confirm the primary bullish trend bouncing the third time in the external primary support line.
Trade closed: target reached
There isn't enough data on the monthly chart to support with a high degree of confidence this idea.Also, with recent developments, I believe the drop might be less probable, but not impossible.
Furthermore, this post was made "wrong". Only the monthly 'clean' chart was supposed to be shown, so I will close this as an "erroneous attempt".
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