filbfilb

Bitcoin Repeating Pattern.

BINANCE:BTCUSDT   Bitcoin / TetherUS
The recent price action seen with Bitcoin attempting to break $9k (B) is a carbon copy the same as we saw when Bitcoin was attempting to break $6k (A).

There was bouncing between the 61.8% and 87.6%, before eventually breaking through and then extending out towards fib level 4.272 at $8.5k.

If we extrapolate that for the recent move at $9k then we get something like $18.7k (C).

Anyway thought i would share the similarities between the two.
I would not recommend trading off this chart for obvious reasons but i remain bullish .

filbfilb
Failed, right? No ofenses... just to see your vision
+1 Reply
An interesting trading idea.
Much analysis work done
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They noticed you found the pattern and had to switch it up :D
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Amazing comparison, they say history doesn't always repeat itself, but it sure does rhyme!! :-)
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interesting, but i seldom finding this type of pattern repeat itself
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Tks for sharing, and this is my chart
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So far everything fits even more
+4 Reply
Trev625 ReallyMe
@ReallyMe, bro stop it you weren't even close. You can post your stuff and that's fine but don't be saying you "called it". Your point A on your Jan 4 chart was put at $200 in June 2020. You just moved your A to Feb 2019 at 3k. All you did was put 3 lines on the chart and now you're going back and moving them to fit.
+5 Reply
ReallyMe Trev625
@Trev625, I don't know about you - too bad you have zero own ideas, so nobody can see if you're just got a big mouth and nothing else - but like any reasonable trader, I update my analysis according to market behavior. Therefore one should look at the most recent chart in June and not the one from January. It doesn't make sense. Nobody can be exact about the future in numbers. But you can be right in the patterns - understand how the market moves. That's what trading is all about for me.
The reference to my idea of January 4, 2019 should show that I haven't changed my mind about the crypto market movement since the beginning of the year and stick to my analysis.
Exact numbers are not important. Understanding what is going on is the most important thing to me. YMMV
+3 Reply
Trev625 ReallyMe
@ReallyMe, I literally can't be wrong. See all I have to do in the future is move the dotted lines to match the bottom of the next movement. Then I can post wow I was right and no one believed me.
+1 Reply
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