Stefano.Angelis

Similarities Around These Two Black R/S Lines

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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A few days ago I started seeing some peculiar similarities between two instances of a ranging market. In two earlier ideas I showed I was anticipating a second dump, as shown in the red box.

Just now I followed the two black R/S lines back, to see what happened around them. Then I found the following area, which shows striking similarities with box 1 and box 2.

As you can see the red box shows similarities. The green box has a range that didn't occur around the bottom black line and isn't quite as similar, but it still strikes me as interesting, to say the least. Notice how it was followed by a dump. Just like in the other boxes.

This is why I anticipate a dump in the following two days or so. It would be great to hear some feedback.
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