Marc_Cee

Bitcoin - almost identical chart pattern

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is drawing idential chart patterns as in year 2014 - 2015. The only difference is that now everything happens within a smaller timeframe. BTC will likely break through the heavy overhead resistance but wont have much strength to support the upside movement and will likely retest the previous low. My guts tell me we wont form a lower low which will strengthen the bullish sentiment and push for a higher high and confirm the official end of the bear market.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.