BTCUSD History repeating or it breaks for a new ATH? - part 2
Hi Everybody,
I came back with the details on the orange triangle from the first post.
If it breaks up the orange triangle around January 21, then we have 2 scenarios.
1. It goes a little below the earlier ATH , not reaching ($40k-$41K) it and then is starts the bearish trend for long term repeating the history.
2. It breaks the rules again and continues the bull run over $50k until February .
If it breaks down the orange triangle, then it will be clear that we go down.
I added also another optimistic one, If we look at the Elliott Waves we can have an uptrend if it breaks and sets a new ATH.
Don't forget to hit Like button if you agree with my idea.
Disclaimer: I am not an analyst, do not throw stones at me, I am just sharing my thoughts.
Regards,
Razvan
I came back with the details on the orange triangle from the first post.
If it breaks up the orange triangle around January 21, then we have 2 scenarios.
1. It goes a little below the earlier ATH , not reaching ($40k-$41K) it and then is starts the bearish trend for long term repeating the history.
2. It breaks the rules again and continues the bull run over $50k until February .
If it breaks down the orange triangle, then it will be clear that we go down.
I added also another optimistic one, If we look at the Elliott Waves we can have an uptrend if it breaks and sets a new ATH.
Don't forget to hit Like button if you agree with my idea.
Disclaimer: I am not an analyst, do not throw stones at me, I am just sharing my thoughts.
Regards,
Razvan
