Strong bottomed out much earlier than ETH back in the middle of 2021. Its low was at the end of May and its ATH at the end of Oct. During that time it increased approx 1100%. Eth bottomed out around the same time as BTC hit 28k at the end of July and its ATH was at the end of Nov. During that time it increased approx 185%. Even if we use the same time period for...
Someone pointed out to me an interesting pattern on BTC price. Do you think we will dip back to support before coming up (Blue arrow) or just continue up from here (Green arrow)? Or, do you think this pattern will break down and we will see a lower price on the 15th July?
We just had a H&S on BTC (Marked in Blue). Are we about to see some inception type thing going on here? If we get rejected from the 200MA on the 1H chart, the larger H&S (Marked in Black) could push us down to support.
You can compare the accumulation model I published earlier with this larger timeframe view comparing BTC to the Wyckoff distribution model. Which way do you think we will go? Would love to hear your thoughts. :)
My earlier post of this model ended up with the chart not displaying properly. Here it is again.
Personally I think we may still see this potential accumulation model break down, but at the moment it is still possible.
Hey guys, This is my first published chart on Trading View. Interested to see what you think of my BTC analysis. We are currently pushing up against the Yellow 200MA on the 1H chart. After our dip down to 28k 5 days ago we saw this MA act as resistance pushing the price back down to 30k again. Yesterday we pushed up against the MA again. If we can push...