Curson

BTC - What Bitcoin's Bubble of 2017 might teach us now!

BITFINEX:BTCUSD   Bitcoin
I recognize a pattern here! Let's have a look...

The bubble of 2017 was huge - way larger than the latest one and way slower - therefore I assume that conclusions have to be adjusted accordingly.

But nevertheless I recognize a double top there followed by a sandwich between the daily 21 and the 55 that pierced directly through the 100 down to the 38.2% retracement!

Hold your breath - 2017 was much larger in scale and slower than nowadays - but we escaped the 100 daily to retest the 50 and the 21!

Might we follow a similar pattern today?
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.