weslad

Bitcoin!!! Can History repeat itself

weslad Updated   
BITFINEX:BTCUSD   Bitcoin
Hey guys

I took more time analyzing market occurence in 2013-2015 and I discovered closed similarities between the moves.

Follow the chart is well detailed and explanatory.

Quick deduction from the chart:
Price is doing possible abc wave which should take us back to 5k zone before final drop. Already completed wave a and wave b. Remain wave c updside.
Looking at oscillating indicator formation during 2013-12015 and now at 2019 have same structures, showing possible oversold with bullish divergence view.

This view will be void if price closed below a point tagged as wave a around 3225$.

I already made a post focusing on the possible upside move, check it out from here.

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Thank you

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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We had good bullish candle yesterday which may be the start of the upside journey.

My view still remain same.
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