Critical point reached? Bull/bear might be decided right here
I believe trends repeat. If you compare the current BTC charts to april, you see a very similar pattern.
Inside the blue square is a step pattern, with a negative breakout at the end. The breakout rests at a support which is at the peak of the third and largest step.
Is you compare this to 14 april 2017, there's an almost 100% identical support line. Back then it bounced up right there, the red line was never broken since
Inside the blue square is a step pattern, with a negative breakout at the end. The breakout rests at a support which is at the peak of the third and largest step.
Is you compare this to 14 april 2017, there's an almost 100% identical support line. Back then it bounced up right there, the red line was never broken since
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.