Bitcoin draws the similar to 2020 pattern. What is this pattern?
1. Dump from the highs by -15-20%
2. Creating the High(H)-Low(L)-Higher Low (HL)-Lower High(LH)-HL-LH structure or a simple triangle before the breakout.
3. Psychological pressure on retail or FUD:
2020: Dump of Bitcoin below $3k
2023: Binance and ETF FUD
The small diference is the Lower lows (LL) in 2023 (now) and Higher lows in 2020. I think this was just the manipulation by the "whales" to trap the retailers and collect more liquidity.
It's clear that ETF will be aproved when no one expect it. I think that the targets for BTC will not be higher then $34-40k. Altcoins will pump by 3-10x depeneds on your portfolio. Such major news (aplies of ETF etc.) always finish the growth of Bitcoin.
$34-40k will be a local highs before the -40-50% pullback and continuation of the parabolic growth during the 2024.
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1. Dump from the highs by -15-20%
2. Creating the High(H)-Low(L)-Higher Low (HL)-Lower High(LH)-HL-LH structure or a simple triangle before the breakout.
3. Psychological pressure on retail or FUD:
2020: Dump of Bitcoin below $3k
2023: Binance and ETF FUD
The small diference is the Lower lows (LL) in 2023 (now) and Higher lows in 2020. I think this was just the manipulation by the "whales" to trap the retailers and collect more liquidity.
It's clear that ETF will be aproved when no one expect it. I think that the targets for BTC will not be higher then $34-40k. Altcoins will pump by 3-10x depeneds on your portfolio. Such major news (aplies of ETF etc.) always finish the growth of Bitcoin.
$34-40k will be a local highs before the -40-50% pullback and continuation of the parabolic growth during the 2024.
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Check the links and get a BONUS🎁 from me👇
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Bitcoin bounced from the lower border of the triangle and now squeezing into the upper border. This is a good signal for an upcoming breakout.If pullback happens, I would add to my size of trade. You should pay attention to altcoins as well because it will bring you much more profit than just BTC.
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BTC grew by +8$ since I published this idea. It even reached $30,000 on the ETF approval fake news.💥The targets are around $34-39k and the party just begun.
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Bitcoin has grown by +17% since I published this idea. What's next? The party for crypto is going.BTC ETF will be the signal that the market reaches the top (or close to it). We need to sell crypto when GREED comes to the market because we bought it when FEAR was there.
Check my altcoin ideas. Altseason needs to become very soon!
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🔥Bitcoin Is About to Make a HUGE Move:$47,000 or $23,000 first❓Watch the fresh market video update!
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Fresh update about Bitcoin and Altseason!like❤️ and follow
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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.