SpartaBTC

BTC in the phase 3 "Bear measured move"? Halving at the end of 3

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
I was very surprised that it was the number of days in the 3rd cycle that coincided with the bitcoin halving. I don’t think it’s a coincidence. Also pay attention to which zone this formation may not be confirmed.

There is such a rare long-playing formation “bear measured move” from the peak of 2017 and it is being formed. Measuring stroke is a fairly long formation figure. Which can take from six months to several years.

Bear measured move consists of three long phases, or stages. In a bearish measuring stroke, the first and third phases are descending, and the middle one is ascending.

We are now in the third phase.
Goals are calculated in the third phase as follows: percent of the first price drop .
But this long-playing figure takes place only if the future triangle is punched down. See all related ideas.

Stages of the formation of the figure Bear measured move:

1) The initial maximum should be noted, so that was where to start the first fall.
2) The first drop lasts long enough: from weeks to many months.
3) Growth after the first fall is approximately half of the fall, usually the price rises by 30-60% depending on the duration of the first fall. The middle phase of growth can be a separate independent figure.
4) The second fall in absolute value is very close to the fall of the first. Goals are calculated in the third phase - the percentage of the first drop .
5) Trading volume is not significant, but is usually increased during the first fall and falls during growth.
Comment: until September 23 I think we will be in this small globally symmetrical triangle. And then it will be seen that with BAKKT. Where the price will go and in which direction the triangle will be broken depends on the decision made. 23rd is better not to be in position and see what happens. In which. they’ll break the side, and most importantly, we will gain a foothold. I am sure there will be false breakthroughs to deceive the crowd. Always trade with the trend. I recall September 23 decision on BAKKT
Very interesting. What scenario do you think is more likely?
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SpartaBTC DalimilBrodsky
@DalimilBrodsky, We will go down to 7000 and it will be more clear which scenario will be realized. I do not guess the options, I trade according to the trend from the situation.
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