We know that historic events are good indicators for future events. However, they do overlap sometimes due to human psychological behaviour.
Before we had this drop, I showed you one identical event. That event was replicated and we had our drop. So, I went hunting for another similar event.
In this chart, you can see the candlestick chart pattern drawn on the past BTC price action (18 Sep 2018) and on our current BTC price action. You can compare chart patterns, candlestick patterns, RSI, StochRSI, Ichimoku Cloud, BB, 200MA etc. They all look IDENTICAL.
On the right side, BTCUSD is currently forming a triangle which is bearish IMO.
I am still trading this range, which I think will break soon.
If the above does not play out SHORT TERM, we are likely to form an inverse BART SHORT TERM, which means price action will still go up. IMO.
Before we had this drop, I showed you one identical event. That event was replicated and we had our drop. So, I went hunting for another similar event.
In this chart, you can see the candlestick chart pattern drawn on the past BTC price action (18 Sep 2018) and on our current BTC price action. You can compare chart patterns, candlestick patterns, RSI, StochRSI, Ichimoku Cloud, BB, 200MA etc. They all look IDENTICAL.
On the right side, BTCUSD is currently forming a triangle which is bearish IMO.
I am still trading this range, which I think will break soon.
If the above does not play out SHORT TERM, we are likely to form an inverse BART SHORT TERM, which means price action will still go up. IMO.