BTCUSD, Repeat Pattern of Exactly 3 Months Ago?
While looking back on the Daily, you can see that almost Exactly 3 Months ago this weekend, BTC was in the same exact position within it's approximately 2.5 month long uptrend channel (as we have now too) while the 50MA is in process of beginning to crossover above the 200MA.
Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is at very similar price level relationship comparisons as it shows that the prices just before the down moves were approx. $500 lower than the previous top before the drops & massive, fast downtrend. We also see very similar patterns developing on the RSI and Stochastic Indicators.
Comments, and your point of views are welcome.
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Thanks
HP
Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is at very similar price level relationship comparisons as it shows that the prices just before the down moves were approx. $500 lower than the previous top before the drops & massive, fast downtrend. We also see very similar patterns developing on the RSI and Stochastic Indicators.
Comments, and your point of views are welcome.
Please like and follow,
Thanks
HP
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