Bitcoin Violent contraction before Expansion for BITSTAMP:BTCUSD by bright_infinite — TradingView

Trend Analysis Chart Patterns BTCUSD BTC

trendanalysis chartpattern btcusd btc

All the meaningful moves are preceded by violent contraction, just like when a baby is born. This is by no means thorough or granular, but is meant to show how the current structure has played out with regularity over bitcoin's history.

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snapshot

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A less cluttered look.

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Obviously I didn't box out the recent pump to 19.8K and violent contraction to 3.1k. that one is pretty obvious.

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Target reached. Let’s see if we launch or continue down a level. Obviously I’m a go for launch.

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snapshot

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bottom of the target zone. indicator confluence. let's see what happens!

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Duly noted on the "wick" down before expansion.

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c'mon baby.

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