Why Bitcoin patterns from 2021 could lead to a 100K usdt now
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I have used a line graph to make it easier to see, though it does take some details out. With candles, the % given are seen to be accurate. https://www.tradingview.com/x/ZXBvi3CF/ So. From the point where I considered PA to start its move in Sep 2020 ( 1 ) , we saw an initial 84.6% move higher before PA took time out and Ranged, to cool off.
Similarly, the start point this time was in Jan 2023 ( 1 ) and we saw a 95.4% rise before PA took time out and cooled off. https://www.tradingview.com/x/gWJR0ICE/
In Dec 2020 ( 2 ) , then took us up another 124% before we saw a more severe pull back ( 3 ) of -28.6% This time round, we saw a Rise of 131% ( 2 ) before the current pull back of -33% ( 3 )
We now sit at the point where we maybe about to start the 4 leg up. In 2021, The next rise ( 4 ) took us up 119.4%, to the next ATH in March 2021
If we were to do this again in 2024 / 2025, a simialar rise takes up to that magical 100K zone.
This time round, the whole process has taken a Lot longer, more controlled and calmer and, maybe, less likely to fall like a stone afterwards. Amazing similarities in Price rises %.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.