I noticed a pattern for Bitcoin on the 3-day chart and it seem to be the same pattern on the Weekly chart.
Whenever the Bitcoin price breaks the Ichimoku cloud from below, the Kijun-sen line (blue area in my chart) acts as support during the coming bull market all the way to All Time High (ATH).
This has been the case for all Bitcoin bull markets so far and if history repeats itself the Bitcoin price will not break 8.5k again.
I am neither a bull nor a bear I just try to look at the charts as objectively as possible.
Do you agree or disagree with my idea?
Remember this is not a financial advice, just and observation that I made!
Update: I forgot a text bubble between the first and second ATHs. :(
Whenever the Bitcoin price breaks the Ichimoku cloud from below, the Kijun-sen line (blue area in my chart) acts as support during the coming bull market all the way to All Time High (ATH).
This has been the case for all Bitcoin bull markets so far and if history repeats itself the Bitcoin price will not break 8.5k again.
I am neither a bull nor a bear I just try to look at the charts as objectively as possible.
Do you agree or disagree with my idea?
Remember this is not a financial advice, just and observation that I made!
Update: I forgot a text bubble between the first and second ATHs. :(