I've posted previously on here and twitter about how Bitcoins price along with the entire crypto market is manipulated either by the CEX's, Satoshi Nakamoto or a combination. This is how Bitcoin will play out if 64K was not the top. If it was then it will play out in the same formation just the left and tallest peak will be 64k . This pattern played out in 2017, 2019 and it plays out all through the chart in small forms making up larger forms of it. Just Look at December-January on the 6 hour chart. I did a little research and the only twin peaked mountain in japan is Mount Tsukuba which by the Ancient legend surrounding it makes a lot of sense attaching it to Bitcoin .
"As legend has it, thousands of years ago, a deity descended from the heavens and asked two mountains for a place to spend the night. With its great summit and almost perfect cone, Mt. Fuji refused, believing with pride and arrogance that it does not need the deity's blessings. Mt. Tsukuba, on the other hand, humbly welcomed the honored guest, even offering food and water. Today, Mt. Fuji is a cold, lonely, and barren mountain, while Mt. Tsukuba bursts with vegetation and is filled with colors as the seasons change.
Ancient chronicles say that the sacred progenitors of the Japanese race are enshrined here, the male divinity, Izanagi-no-Mikoto, at Mt. Nantai, and the female divinity, Izanami-no-Mikoto, at Mt. Nyotai. Legends say that the two deities wed and gave birth to other deities, and even to Japan herself."
Thanks for the chart and your opinion. Yes very well possible. Big guru's are predicting a price from 100.000 to 300.000 this year for Bitcoin. That remains to be seen of course. They all have only to win with higher prices so how reliable they are? Trade what you see is the most important including good money management and RR in trading. Or you just buy and hold which is not a bad strategy at all in Bitcoin!
dudebruhwhoa
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Cool idea! Thanks for the history lesson, too :)
MoneroMo
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@dudebruhwhoa I like how everyone says idea. Yeah the meaning behind the pattern might not be 100% correct because I don’t know exactly why they chose the pattern it runs on so yeah that is 100% an idea and as close as I could get to an explanation for the choice of the preferred price movements pattern. But besides that this is the pattern the CEXs bots plays out 110% of the time for at least the last 6 years that I’ve seen. Honestly if we don’t hit above $61,400 on this upwards movement we are in now before another 5%-10% drop then 64,500 was BTC’s top for this cycle and for at least the next 2 years until the pattern finishes playing out to start over again. And be prepared for 20k bottom near term and then an eventual 10k bottom I would say at the end of the pattern when it starts back over
dudebruhwhoa
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@MoneroMo, i just used the word idea because that's what they are listed under when you search for under Trading Ideas on TV but i meant it as a compliment :)