BTCUSD can go 30,000 before ATH. We can repeat May-Aug 2020.

Bitcoin / DollarBitfinex

Description

⋅ Dec 22, 2021 8:53 AM

Hello!

This is my personal opinion. Not a trading advice!

From the 1D chart we can clearly see the resemblance with the previous swing which happened between May and August 2020. The patterns look very similar.

Watch for RSI, MACD.

Comment

⋅ Jan 12, 2022 6:56 AM

Still valid!

Comment

⋅ Feb 2, 2022 6:14 AM

Still valid. Check RSI and MACD for confirmation. Big move ahead!

Comments

CryptoCheck-

⋅ Dec 22, 2021 9:16 AM

BTCUSD - Not Convincing Reversal

tolgi

⋅ Dec 22, 2021 12:51 PM

@CryptoCheck-, In this case we can see a clear H&S formation

Ruckusman

⋅ Dec 22, 2021 1:14 PM

@tolgi, Well that might be a problem. When it's too obvisious then crypto market goes to most unexpected way :D

Last time I read explanation that Bitcoin is going "maximum pain way " or something like that.

Simply said: "It will be ugly and price will go totaly opposite directon as it will be predicted.

BR R.

tolgi

⋅ Dec 27, 2021 6:30 AM

@Ruckusman, Agree! Time will tell)

CryptoCheck-

⋅ Dec 22, 2021 9:16 AM

Good idea

tolgi

⋅ Dec 22, 2021 12:49 PM

@CryptoCheck-, Thank you! Hope it won't work and we see ATH sooner than spring 2022))