BTC 8 Week signal?
Only 3 times BTC gone 8 straight weeks positive (since the price was >$100), we are in the 3rd cycle.
The first 2 times BTC went 8 straight weeks positive, the price action never returned to the previous low of the cycle. EVER!
1st time
Monday 14 Sep 2015
120% in 8 weeks
-40% pull back in 1 week
The price never ever returned here.
https://www.tradingview.com/x/Q2rG1BDw/
2nd time
Monday 17 Apr 2017
156% in 8 weeks
-40% pull back in 5 weeks
The price never ever returned here.
https://www.tradingview.com/x/kxeTOWUg/
3rd time (Now)
Monday 16 Oct 2023
65% in 8 weeks
-8% pull back in 1 week (so far).
Will price never ever returned here?
https://www.tradingview.com/x/xGzc9Vdk/
Will try to insert screen shots.
Just an observation, we shall see what happens.
The first 2 times BTC went 8 straight weeks positive, the price action never returned to the previous low of the cycle. EVER!
1st time
Monday 14 Sep 2015
120% in 8 weeks
-40% pull back in 1 week
The price never ever returned here.
https://www.tradingview.com/x/Q2rG1BDw/
2nd time
Monday 17 Apr 2017
156% in 8 weeks
-40% pull back in 5 weeks
The price never ever returned here.
https://www.tradingview.com/x/kxeTOWUg/
3rd time (Now)
Monday 16 Oct 2023
65% in 8 weeks
-8% pull back in 1 week (so far).
Will price never ever returned here?
https://www.tradingview.com/x/xGzc9Vdk/
Will try to insert screen shots.
Just an observation, we shall see what happens.
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