Hello All,
In this post I would like to point out some key similarities I saw on BTC chart with old PA from July 2018 (top of 8500).
1) Similar chart patterns:
On 3D BTC chart, in july 2018 we saw very nice Inv-H&S formation which broke up taking BTC to 8500. This pattern also formed near Golden Fib Pocket (highlighted with golden lines).
We have exact similar structure now as well, we saw break from Inv-H&S pattern which also broke above the Golden Fib Pocket.
2) Similar RSI patterns:
Back in July we saw RSI getting supported by its MA as BTC broke that Inv-H&S formation, this happened when RSI was at ~38.2 Fib level. We saw same pattern this time as well.
3)EMA alignment:
During the July high, we saw a very specific EMA alignment (see the chart), On today's BTC chart we are seeing exactly same EMA alignment as well.
144EMA is freshly crossed below 200EMA in both these cases.
4) similar descending channel:
We also saw a similar descending channel in July 2018 which we have been seeing at present. BTC topped out at this exact resistance level back then.
** I don't know if BTC will follow that exact PA we saw back then, but I think the similarities we have should not be ignore**
**Promotional**
We saw ~1000$ move in BTC in last 2 days. Me and some other guys in my channel traded this move for insane profits.
Shepherd Indicator gave perfect buy signal as you see here, I shared this with my discord members. Check out link in signature section below.
Also Check below my forecast for BTC PA in 2020 and ahead..
Happy and safe trading...
Chao...
In this post I would like to point out some key similarities I saw on BTC chart with old PA from July 2018 (top of 8500).
1) Similar chart patterns:
On 3D BTC chart, in july 2018 we saw very nice Inv-H&S formation which broke up taking BTC to 8500. This pattern also formed near Golden Fib Pocket (highlighted with golden lines).
We have exact similar structure now as well, we saw break from Inv-H&S pattern which also broke above the Golden Fib Pocket.
2) Similar RSI patterns:
Back in July we saw RSI getting supported by its MA as BTC broke that Inv-H&S formation, this happened when RSI was at ~38.2 Fib level. We saw same pattern this time as well.
3)EMA alignment:
During the July high, we saw a very specific EMA alignment (see the chart), On today's BTC chart we are seeing exactly same EMA alignment as well.
144EMA is freshly crossed below 200EMA in both these cases.
4) similar descending channel:
We also saw a similar descending channel in July 2018 which we have been seeing at present. BTC topped out at this exact resistance level back then.
** I don't know if BTC will follow that exact PA we saw back then, but I think the similarities we have should not be ignore**
**Promotional**
We saw ~1000$ move in BTC in last 2 days. Me and some other guys in my channel traded this move for insane profits.
Shepherd Indicator gave perfect buy signal as you see here, I shared this with my discord members. Check out link in signature section below.
Also Check below my forecast for BTC PA in 2020 and ahead..
Happy and safe trading...
Chao...
