BTCUSD Bitcoin Symmetrical Triangle: Return of a Legendary Chart
Updated
After my first chart idea "Bitcoin in a long tern symmetrical triangle" became not only a smash hit & my most popular chart on tradingview, but one of the most accurate charts on the site, here i am again with a stunning new update on this legendary chart, when we last left off with this chart it was just making a backtest of the supply line after breaking above it and has since made some massive moves to the upside, now it seems to be topping out and my next logical prediction is that within the next 12 months it will enter a new bear market, and could come and make another backtest at the top of the supply line where it will find support before starting the next bull run
Comment
Hello Tradingview Users,While i was right about many aspects of this bitcoin bear market, it takes a very mature man to admit when he's wrong about something, back in 2021 i was increasingly feeling bearish on bitcoin and uploaded a few predictions calling for 7-10K targets, now i want to make this very clear: these were worst case scenario predictions and while i later slightly softened my stance i didn't follow through to update my followers at the time and for that i apologize because the eventual bitcoin "bottom" was approx 15.5K during the ftx collapse in November 2022.
Sincerely,
CryptoGuy234
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