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BTS repeating pattern experiment.
So apparently past patterns can repeat again.
Well I have found one on BTSBTC that seems to be working out like the same time in 2016.
It started by finding a curving bottom and I wanted to see if that resulted in a rally. Examples will follow below.
So anyway we broke out of a falling wedge to the 70 ema. Now I expect a touch of the curving yellow line and then a potential 35% rally to the upside (via quick stop at the 200 ema and a .618 retrace) before we eventually break down and drift lower.
If history really does repeat itself then we shall witness it soon enough...
Well I have found one on BTSBTC that seems to be working out like the same time in 2016.
It started by finding a curving bottom and I wanted to see if that resulted in a rally. Examples will follow below.
So anyway we broke out of a falling wedge to the 70 ema. Now I expect a touch of the curving yellow line and then a potential 35% rally to the upside (via quick stop at the 200 ema and a .618 retrace) before we eventually break down and drift lower.
If history really does repeat itself then we shall witness it soon enough...
Nota
here is the pattern from march 2016 that I am watching to replicate. Nota
The curved bottom... Nota
Curved bottom 2016 and subsequent breakdown... Dagangan ditutup: hentian tercapai
Wow would you look at that!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.