Bitcoin - Is history repeating? January triple bottom? Long

BITFINEX:BTCUSD720

Bitcoin / DollarBitfinex

Description

⋅ Jul 20, 2021 7:43 PM

In January we saw a very similar structure - a triple bottom around 30k before an massive pump.
Will history repeat?

Comment

⋅ Jul 23, 2021 9:32 PM

Apparently yes it will!

Chart Patterns Bitcoin (Cryptocurrency)BTCUSD BTC

Comments

newbienxx

⋅ Jul 21, 2021 8:56 AM

nice chart

novadicky123

⋅ Jul 21, 2021 2:50 AM

H&S never lie guys, if you believe in your analysis put all your money in it and see what happens

BORGG

⋅ Jul 21, 2021 1:40 PM

@novadicky123, hasn't the H&S pattern failed, because it didn't really break down after the right shoulder?

The_Mummy

⋅ Jul 23, 2021 9:33 PM

@novadicky123, the H&S failed a long time ago. I am long now.

FlowersFor

⋅ Jul 20, 2021 8:26 PM

amateur..

Go lose u money..

The_Mummy

⋅ Sep 13, 2021 8:34 AM

@FlowersFor who lost their money?

yerassyl24

⋅ Jul 20, 2021 8:22 PM

So you throw this idea based only on one historical fact? Oh boy you can make up dozen of these so called predictions everyday

The_Mummy

⋅ Jul 23, 2021 9:33 PM

@yerassyl24, based on support levels yes.

Dawnchorus

⋅ Jul 20, 2021 8:18 PM

I think maybe a bounce/recovery rally. The time before in January, that was a falling wedge during a bullish uptrend. This time it is a descending triangle, or hidden bear flag, or it could be construed as a falling wedge, during a macro bear trend. Quite a difference between the two snapshots, but nothing would surprise me here!

SimColm

⋅ Jul 20, 2021 7:58 PM

You'd need to compare a lot of additional metrics for it to even begin to resemble the same price movement... Volumes, market sentiment, fear, amount of transactions, miners data, and retail investors trends and whale accumulation.