RocketBomb

An amazing pattern🧐

BITSTAMP:BTCUSD   Bitcoin
Hello, dear friends! Today I want to discuss with You a 3-hourly chart of the Bitcoin price formation.


I wanna pay your attention to the multi-colored circles, which I marked the pricing phases for a clear visual understanding.

You may notice, that the first of circles has exactly the same formation time for each of the phases. That is, 24 days have passed from the beginning of the first correction to the beginning of the subsequent correction, and so on three times.

Then we can observe a price rollback and a subsequent fall, which also has three phases, only the time frame of each phase is longer in the interval - each of them is 37 days! An amazing pattern!ha-ha

What does it give us?

It can be assumed that until the middle of the month we expect the price in the range of 17,500 - 21,000, and then we'll follow the support and resistance lines.

I think, that we have chances, that the price could go even lower to 15k and below.

How do you see the fate of Bitcoin in the near future? What are you waiting for? Share with me in the comments :)

Thanks for staying with me
Always sincerely Yours
Rocket Bomb🚀💣




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.