BTC price action that started 2019 BULL RUN is repeating itself?
It is well known that the past isn't indicative of the future but one could also argue that history does indeed repeat itself. Either way, such fractals should at least be looked at.
Here we are looking at price action that took place Dec 2018 - Feb 2019 and comparing it to what's happening right now. As you can see the similarities are quite profound.
In both cases price produced very similar patterns. In early Feb 2019 price finally reached the 0.786 Fib retracement, followed by a final mini dump to complete the "double bottom" pattern, resulting in a bull run all the way to 13800. Right now price is also hovering around the 0.786 Fib retracement and if judging by history, could result in a final mini dump to complete a "double bottom" pattern and shoot up hopefully resulting in another bull run. Only time will tell, be prepared for whichever scenario and good luck!
Here we are looking at price action that took place Dec 2018 - Feb 2019 and comparing it to what's happening right now. As you can see the similarities are quite profound.
In both cases price produced very similar patterns. In early Feb 2019 price finally reached the 0.786 Fib retracement, followed by a final mini dump to complete the "double bottom" pattern, resulting in a bull run all the way to 13800. Right now price is also hovering around the 0.786 Fib retracement and if judging by history, could result in a final mini dump to complete a "double bottom" pattern and shoot up hopefully resulting in another bull run. Only time will tell, be prepared for whichever scenario and good luck!