There was low volume test of the shakeout after yesterdays spring. Successful at ST1 yesterday and hold ST2 today so far. Next should be the last point of support before another leg up to the strong resistance at 40k. school.stockcharts.com
www.tradingview.com Bear Flag unfolding?
On the 8hours. Last year between end of September and mid October we saw the following pattern unfold on $BTCUSD. Followed by a leg up only stopping at 19400$. Same pattern and trend could be unfolding now. The next weeks will confirm this.
On the weekly $BTCUSD: - 2021 Cycle Peak by 20th September if same amount of days between $BTC halving and Peak as 2013 cycle. - +1356% price growth until 2021 cycle peak if same growth of last 19 bars before 2013 cycle. - 2021 Cycle Peak by 11th October if same amount of days between $BTC halving and Peak as 2017 cycle. - +719% price growth until 2021 cycle...