Bitcoin in a long term symmetrical triangle

22 באוג׳ 2019

bitcoin peaked at 20k back in Jan 2018 and it fell to as low as 3k by Jan 2019 and in July 2019 it went to 14k and immediately fell, so my theory is that bitcoin has been in a symmetrical triangle since as early as Jan 2018 that could last until late 2020 to early 2021

22 באוג׳ 2019

הערה

the first bottom was 1K and the first top was 20K, the second bottom was 3.3K and the second top was 14K, if my idea is true and this pattern continues the 3rd bottom should be 5-5.2K and the 3rd top should be 10K and the 4th bottom should be 5.5-5.7K and the 4th top should be 8.6k and the final bottom should be 6k and the final bottom should be $7-7.1K before it breaks out of this pattern and goes for a fresh rally

12 באוג׳ 2020

הערה

on the week of July 27th (on linear chart) we broke above the top of the Symmetrical Triangle