Search This Blog

Monday, January 23, 2023

Bitcoin future paths"Things come in 3's"

Bitcoin future paths"Things come in 3's"

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

The chart pretty well explains its self
Since 2013, BTC PA has run 2 completed "Cup" patterns and then pushed past the neckline, to set a new neck line and start again.
As you can see from the chart, the periods between set points have been similar on the last 2 occasions and so, lets suggest the 4rd will be around the same number of days.
To many extents, this idea does have confluence with other charts ( with a Tolerance on a number of weeks)
This idea does suggest we are near or have past, the "Bottom" though it is very possible for the PA to come back down anytime to touch the Arc line again.
Have fun with this and lets see if it works out

Via TradingView Ideas

No comments: