TraderNoxtreme here.
This was just too hot NOT to post.
This is a 2 hour chart comparing the run up in 2017 to 20k to where we are now. I traced the price action and marked the indicators. Price levels (lines) are the same and I scaled our current chart to fit the price levels on the 17 chart.
Kinda close...
BIG TAKE AWAY
We could run to 20k in the next 28 HOURS if history repeats... Its not identical but there are similarities. One HUGE difference is that we are not in blue sky breakout (not making ATHs) so there is resistance where there was not previously.
THIS IS NOT A DRILL! This is how crypto happens!
Trade or invest how you do. It is more likely this will NOT play out but having gone through 17 glued to crypto this feels a lot like it did then. Disbelief about where we are and where we have come from.
The media will undoubtedly start talking about 20k and beyond BTC tomorrow.
This is simply me pointing out a startling observation and trying to warn about how QUICKLY these markets can move.
Join the new discord community I created for traders and those looking to learn. We need more active folks.
discord.gg/fpEjS8
Subscribe for more observations and ideas.
Like this idea no matter what.
This was just too hot NOT to post.
This is a 2 hour chart comparing the run up in 2017 to 20k to where we are now. I traced the price action and marked the indicators. Price levels (lines) are the same and I scaled our current chart to fit the price levels on the 17 chart.
Kinda close...
BIG TAKE AWAY
We could run to 20k in the next 28 HOURS if history repeats... Its not identical but there are similarities. One HUGE difference is that we are not in blue sky breakout (not making ATHs) so there is resistance where there was not previously.
THIS IS NOT A DRILL! This is how crypto happens!
Trade or invest how you do. It is more likely this will NOT play out but having gone through 17 glued to crypto this feels a lot like it did then. Disbelief about where we are and where we have come from.
The media will undoubtedly start talking about 20k and beyond BTC tomorrow.
This is simply me pointing out a startling observation and trying to warn about how QUICKLY these markets can move.
Join the new discord community I created for traders and those looking to learn. We need more active folks.
discord.gg/fpEjS8
Subscribe for more observations and ideas.
Like this idea no matter what.