Lcho07

Bitcoin: 2017 Rally vs. 2019 Rally

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The comparison between the BTC parabolic breakdown of the 2017 rally has a very similar pattern to the current BTC parabolic breakdown...

IF Bitcoin continues to follow the same pattern, BTC is likely to have a pretty significant sell off within a day or two followed by a quick rally back to test the previous broken support areas... I will continue to monitor this and update!
Comment:
Comment: I've updated my analysis by using the same timeframe (4H). Please follow this link! :)

Comment: Bitcoin is still on track to follow the 17' fractal. A little more sideways movement before a big drop! My first target is $8.8k-$9k

Comments

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