Visible symmetry in the bullish pumps targets $14k range.
Hello trading view community hope you guys are having a great week.
We seem to find BTC in a range bound consolidation from the mid to low 11000s. While the price will continue to trend down for a week or more toward $11000, a great deal of similarity can be seen with the previous move up from 7k to 10k. Where we were consolidating towards 9000.We Can see the break out above 7k and breach Of 10k (3k move). Fall below 9k, bounce up almost to 10k then fall below 9k. Then we make a new high around 10.5 and then gradually move down in steps to around 9k before shooting up to 12 k.
Following that consolidation we see an Identical 3k move up from 9 to 12. Fall below 11k. Reach 12k and fall back to almost 11. Then new high 12.5. Now gradual fall to 11k in steps. Next move will be almost to 14 k.
Of course break below 10600 would make this scenario unlikely.
Thank for ur time and attention guys. Hopefully some of you may have gained something from this piece.
Comments and likes are always appreciated.
Peace.
We seem to find BTC in a range bound consolidation from the mid to low 11000s. While the price will continue to trend down for a week or more toward $11000, a great deal of similarity can be seen with the previous move up from 7k to 10k. Where we were consolidating towards 9000.We Can see the break out above 7k and breach Of 10k (3k move). Fall below 9k, bounce up almost to 10k then fall below 9k. Then we make a new high around 10.5 and then gradually move down in steps to around 9k before shooting up to 12 k.
Following that consolidation we see an Identical 3k move up from 9 to 12. Fall below 11k. Reach 12k and fall back to almost 11. Then new high 12.5. Now gradual fall to 11k in steps. Next move will be almost to 14 k.
Of course break below 10600 would make this scenario unlikely.
Thank for ur time and attention guys. Hopefully some of you may have gained something from this piece.
Comments and likes are always appreciated.
Peace.
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