Hi there! it seems to be a cycle that is happening every month form the 6th-8th (see all blue dotted lines), if you look at the chart it happened in these dates:
- December 7: it was all the time hight at that moment, then collapsed.
- January 6: it was high on a bounce after recovering from all time high.
- February 6: After a big drop to $5959 it started to recover on that date.
- March 6: after recovering from the big drop of $5959 it reached the high of $11716, on this date it started a big drop again!
- April 6: Touched bottom of $6450 then on that date it started to climb again
- May 6: After touching the high of $10017 it started to collapse once again!
- Jun 6-8: ????????????? it might be date that we finally bottom and start a new climb.
At the moment BTC Bitcoin seems to be forming a rising wedge that could give a fulfilling bottom from the 6th to the 8th of Jun
Everybody seem to think that we are already bullish, be careful it might be a bear trap.
What do you guys think?
Have a great day and Remember to press LIKE
- December 7: it was all the time hight at that moment, then collapsed.
- January 6: it was high on a bounce after recovering from all time high.
- February 6: After a big drop to $5959 it started to recover on that date.
- March 6: after recovering from the big drop of $5959 it reached the high of $11716, on this date it started a big drop again!
- April 6: Touched bottom of $6450 then on that date it started to climb again
- May 6: After touching the high of $10017 it started to collapse once again!
- Jun 6-8: ????????????? it might be date that we finally bottom and start a new climb.
At the moment BTC Bitcoin seems to be forming a rising wedge that could give a fulfilling bottom from the 6th to the 8th of Jun
Everybody seem to think that we are already bullish, be careful it might be a bear trap.
What do you guys think?
Have a great day and Remember to press LIKE
Trade closed: target reached:
Trade closed. Target reached
Enjoy
Enjoy