For entertainment purposes I just invented and coined this pattern the Noble Bullish Bike(NBB). The two circles referred to as wheels are the sweet spots for entering a trend reversal. The first wheel indicates a bottom and a wave 1 impulsive wave along with the following countertrend corrective wave 2.
The next wheel is the sweet spot before a higher degree wave 3 takes off to the moon. Once again in the second wheel as in the first wheel an impulsive wave 1 is formed and followed by a countertrend corrective wave 2 within a higher degree wave 3, Then the set up is ready for a major upswing in a higher degree wave 3 which just so happens to be wave 3 of 3.
In conclusion, at this juncture it appears Bitcoin is forming a Bullish Harami Signal on the daily time frame. In my humble opinion....
The next wheel is the sweet spot before a higher degree wave 3 takes off to the moon. Once again in the second wheel as in the first wheel an impulsive wave 1 is formed and followed by a countertrend corrective wave 2 within a higher degree wave 3, Then the set up is ready for a major upswing in a higher degree wave 3 which just so happens to be wave 3 of 3.
In conclusion, at this juncture it appears Bitcoin is forming a Bullish Harami Signal on the daily time frame. In my humble opinion....