After the formed peak on November 8, 2021, bitcoin is still falling...
2017
On December 11, the price also formed a peak and fell for a long time.
On January 11, 2018, a correction began, which lasted 140 days, after which there was a downward impulse.
On December 17, the bottom formed.
After that, the price accumulated for 602 days.
The indicator formed a divergence and the price went up, updating all the highs.
There were two important corrections before the growth.
The first correction formed a volume equal to 4.769M, the volume at the second correction was more than 7 times and was equal to 31.902M.
If you look at the Bitcoin chart now, you can see the similarity.
So far, we are in the zone of the first correction, which has formed a volume equal to about 30,800M.
The indicator bounced each time reaching the green zone, now the price is only heading towards the green zone.
In addition, a fall to the second correction zone is possible soon.
If we expect a repeat of history, then the second correction will form a volume equal to about 210,000M, after which all the highs will be updated.
Will there be an exact repetition of the past movement?
What do you think?
2017
On December 11, the price also formed a peak and fell for a long time.
On January 11, 2018, a correction began, which lasted 140 days, after which there was a downward impulse.
On December 17, the bottom formed.
After that, the price accumulated for 602 days.
The indicator formed a divergence and the price went up, updating all the highs.
There were two important corrections before the growth.
The first correction formed a volume equal to 4.769M, the volume at the second correction was more than 7 times and was equal to 31.902M.
If you look at the Bitcoin chart now, you can see the similarity.
So far, we are in the zone of the first correction, which has formed a volume equal to about 30,800M.
The indicator bounced each time reaching the green zone, now the price is only heading towards the green zone.
In addition, a fall to the second correction zone is possible soon.
If we expect a repeat of history, then the second correction will form a volume equal to about 210,000M, after which all the highs will be updated.
Will there be an exact repetition of the past movement?
What do you think?
