If we see a 1 year chart of BTC/USD, we can see that the pattern that has just taken place has been repeated twice in the last months. First, a big dip occurs (panic), followed by a steady period of consolidation, prior to fall back to even lower lows (absolute panic). Then price recovers and rises again.
And moreover, this pattern is repeated every 2 months approx. To be specific, the dips (the "armageddon days", like today), were
Dips:
16th july
15th sept
12th nov
16th jan
From this point we could expect general rises in BTC, and if the timeframe assumption is valid, we will face new ATH prior to see a general retracement the second week of march.
And moreover, this pattern is repeated every 2 months approx. To be specific, the dips (the "armageddon days", like today), were
Dips:
16th july
15th sept
12th nov
16th jan
From this point we could expect general rises in BTC, and if the timeframe assumption is valid, we will face new ATH prior to see a general retracement the second week of march.
Commento:
New follow up of this studio published