Mulakan
jpbrown1023

Bitcoin - 2017 Bull Run compared to 2019 Bull Run

Bitcoin (COINBASE:BTCUSD)  
jpbrown1023 Telah dikemas kini   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC BTCUSDT btcusdlong btcusdshort
8
1
trendanalysis chartpattern indicator btcusd btc btcusdt btcusdlong btcusdshort
I was comparing the 2017 bull run to the 2019 bull run and found some similarities. If we were to follow the same pattern after the parabolic blow off, I think we are still correcting and may have quite a bit to go. I know a lot of people are very bullish right now. But consider that BTC gained almost 5x with only a .38 Fib retracement. The MACD and price action are fighting overhead resistance. Something tells me we need to correct some more. Just something to keep in mind.
Komen:
Komen:
snapshot
We got our drop and it was pretty significant down to $10k. This is very hypothetical but I could see us having a small rebound and then dropping to the $9100 neckline support area. From here there are many possibilities, but one that stands out to me is a massive Head and Shoulders setup. If we were to complete an HS pattern, that would take BTC all the way down to the light blue uptrend. Again, I am merely trying to anticipate future price action and we all know how unpredictable Bitcoin is.
Komen:
snapshot
Bitfinex has a very different trendline that the price has currently found support on. Sometimes checking BTC charts on multiple exchanges can show these kind of discrepancies. This is certainly a big one. Just thought I would bring it to everyone's attention in case you are also using Coinbase.
Komen:
snapshot
Catching support on the daily EMA100. Let's hope it has a spring board attached to it lol
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.