ETHUSD & BTCUSD In Long-term Bullish Symmetrical Bullish Pattern
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This symmetrical triangle pattern started at the point where the first resistance was form at the peak of around 20K BTCUSD price. That is the left-most top of the symmetrical triangle we are in. This would explain many things especially the confusion about whether we back in bull trend or still in bear trend and if this is only a correction. Price movements all this time have only been ranging in this symmetrical triangle and its been the same with ETHUSD. The lines match perfectly to form these triangles for both ethusd and btcusd and have kept shape for more than 3 years now! It is definitely a chart pattern that has a big role to play and could have been consolidating for a long period of time for the massive bull run that is expected after halving. The charts are on weekly timeframe.
If this is proven to be correct from future price actions , then be ready for an epic bull run starting around late this year or early next year.
Survive the shake-outs and reap the rewards. Only trade wh at you can afford to lose. Nothing is 100% in life.
This would then explain alot of thigs, like why its been so difficult to call it a bull or bear phase unlike before. We have been consolidating inside a bullish continuation pattern for more than 3 years now. Furthermore if you look at the chart and the timelines, it would make alot of sense. For example the expected breakout this symmetrical triangle will be close to the halving period, a gew months after it.
If this is proven to be correct from future price actions , then be ready for an epic bull run starting around late this year or early next year.
Survive the shake-outs and reap the rewards. Only trade wh at you can afford to lose. Nothing is 100% in life.
This would then explain alot of thigs, like why its been so difficult to call it a bull or bear phase unlike before. We have been consolidating inside a bullish continuation pattern for more than 3 years now. Furthermore if you look at the chart and the timelines, it would make alot of sense. For example the expected breakout this symmetrical triangle will be close to the halving period, a gew months after it.
Nota
Pending breakout from within the symmetrical channel for ascending parallel to confirm and continue its bullish pattern.Nota
Is this going to breakout? Things do look very positive. BTC looking very similar and at its crucial resistance currently too.Click and load this BTCUSD chart.
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