Can history Repeat itself??

I saw this when I was playing through BTC charts and i think it worth sharing with you guys.

Looking at wave oscillator indicator price pattern seems to be in wide ascending triangle formation with price hitting the bottom trendline at exactly 78.6% Fibonacci retracement of the previous bullish move. Whereas, the last Mega Bullish move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.

if history repeat itself this may be a good sign for potential price reversal to the upside.

Join our discussion room for more about our trading ideas.

Please share your thougths about it and support my post with your LIKES if you think it's useful.

Thanks

İşlem aktif:

İşlem aktif:

BTC All time triangle formation patterns and their breakout

İşlem aktif:

Another potential form of reversal spotted. Price started forming High lows.

İşlem aktif:

We could also have accumulation on going as price been trading in a rectangular box that is from 3days chart analysis

İşlem aktif:

One of my previous post that talk about trendline breakout. Still seems to be very valid.

İşlem aktif:

More details about the breakout

İşlem aktif:

Price may go down as medium term charts look bearish may be for a re-test on the major support again.

İşlem aktif:

Looking at 4hours timeframe it show a clearer picture of a symmetrical triangle forming, which has its base around 6200$ support zone.

Here is my trading plan towards this pattern. Looking to Buy around 6200-6260 area with tight stop loss below the support.

İşlem aktif:

This is one of my previous post, its channel that showcase all BTC typical reactions. Do have a look.

İşlem aktif:

This monthly chart shows price is testing strong support as well.

İşlem aktif:

Another one of my previous post showing possible wave patterns.

İşlem aktif:

BTC is struggling to make major moves on a short term basis, I expect a drop to at least 61.8% fib level talking on short term basis.

İşlem aktif:

ETHUSD shown some serious sign of reversal also which complement BTC Bullish view.

İşlem aktif:

Bitcoin Corrective pattern

İşlem aktif:

Short term triangle breakout occurred and this look to be forming inverse head and shoulder pattern

İşlem aktif:

I shared another view on possible BTC breakout outlook.

#BTCUSD

Do share your thougths about it and support my post with your LIKES

Thanks

İşlem aktif

İşlem aktif