Hello Trading View friends! I will bring another analysis about BTC.
Notice this pattern that I describe in the center of the graph: This classic widening pattern is a consolidation that occurs in the asset.
See the 2014-2016 cycle.
The price came from the top to the bottom and entered a widening pattern. After making 3 touches on the 3-week chart near the top, it broke through and made an extraordinary move.
See the current cycle now:
The price once again came from top to bottom. It produced 2 touches near the top on the 3-week chart.
Will there be a strong upward breakout like the 2014-2016 cycle?
In my view, there are reasons to understand that yes! And we are very close to this moment.
And you, what do you think of this possibility?
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