History doesnt repeat... in this case it will (Daily version)

A couple days ago I did a weekly price comparison between the current price and the price back in 2017 (log scale).

I managed to find a really interesting pattern playing out.

I tried to make everything very obvious with the color coating but if you have any questions please don't hesitate to ask.

Looking to buy either on the break down (not guaranteed as it could easily go upwards as well but a shakeout is pretty standard in crypto) or on the break of the all time high if it persists around this price for a little.

Happy trading!

Comment:

This post is not meant to scare people into selling but just keep in mind a correction is possible and more importantly... don't panic if it does.

Comment:

If the triangle breaks downwards I will be buying around 24000 and ill allow a +-2000 spread. (I.E. ill start purchasing at 26000 and increase my buys up until 22000.

I am also going to buy if I see more consolidation and a confirmed break of highs. Around 42700.

Trade active:

Now that we have a breakout were going to be waiting for a retest of support. This is exactly what happened last time so lets see!