BitcoinLong
Can history Repeat itself??
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I saw this when I was playing through BTC charts and i think it worth sharing with you guys.
Looking at wave oscillator indicator price pattern seems to be in wide ascending triangle formation with price hitting the bottom trendline at exactly 78.6% Fibonacci retracement of the previous bullish move. Whereas, the last Mega Bullish move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.
if history repeat itself this may be a good sign for potential price reversal to the upside.
Join our discussion room for more about our trading ideas.
Please share your thougths about it and support my post with your LIKES if you think it's useful.
Thanks
Looking at wave oscillator indicator price pattern seems to be in wide ascending triangle formation with price hitting the bottom trendline at exactly 78.6% Fibonacci retracement of the previous bullish move. Whereas, the last Mega Bullish move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.
if history repeat itself this may be a good sign for potential price reversal to the upside.
Join our discussion room for more about our trading ideas.
Please share your thougths about it and support my post with your LIKES if you think it's useful.
Thanks
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This is one of my previous post, its channel that showcase all BTC typical reactions. Do have a look.
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Another one of my previous post showing possible wave patterns.
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ETHUSD shown some serious sign of reversal also which complement BTC Bullish view.
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Bitcoin Corrective pattern
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Short term triangle breakout occurred and this look to be forming inverse head and shoulder patternTrade attivo
I shared another view on possible BTC breakout outlook.#BTCUSD
Do share your thougths about it and support my post with your LIKES
Thanks
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