Here is my observation for the following weeks on BTC incase we break 4.2k.
Notice how BTC made its final leg up to 20k on Nov.13th 2017 after its pullback from 7.8k to 5.5k and ended the rally on Dec.17th.
Then down to 6k, bull trap to 11.8k and dumped from 11.8k to 6.4k from Mar.5th to Apr.1st 2018.
The exact opposite on almost the exact same dates seems to be happening in 2019. BTC fell off the cliff on Nov.13th and ended the dump Dec.15th (only 2 days difference from the 2017 final pump) and started pumping on Feb.8th (a month earlier than Mar.5th but still doesnt invalidate the pattern imo).
So instead of pumping from Nov.13th to Dec.17th like we did in 2017, we dumped instead and instead of dumping from Mar.5th to Apr.1st, we are pumping instead.
As mentioned in my chart, i think it's possible that if we break above 4.2k and find support there, we can see 5.2k at the 1st week of Apr. If there is enough momentum, the price could continue to 5.8-6k region.
It's not just the pattern i noticed about the certain dates but also the;
- fib levels from all LH's since Dec 2017 aligning almost perfectly at 5.2k
- the 30/128 weekly MA death cross
- and the 1st week of Apr. coming on a TD9 if we don't get a price flip.
There is strong resistance at 4.4 and 4.8k on the way up but I don't know, all the points i mentioned above just seem too good to be a coincidence to me.
Lets wait and see :)
Notice how BTC made its final leg up to 20k on Nov.13th 2017 after its pullback from 7.8k to 5.5k and ended the rally on Dec.17th.
Then down to 6k, bull trap to 11.8k and dumped from 11.8k to 6.4k from Mar.5th to Apr.1st 2018.
The exact opposite on almost the exact same dates seems to be happening in 2019. BTC fell off the cliff on Nov.13th and ended the dump Dec.15th (only 2 days difference from the 2017 final pump) and started pumping on Feb.8th (a month earlier than Mar.5th but still doesnt invalidate the pattern imo).
So instead of pumping from Nov.13th to Dec.17th like we did in 2017, we dumped instead and instead of dumping from Mar.5th to Apr.1st, we are pumping instead.
As mentioned in my chart, i think it's possible that if we break above 4.2k and find support there, we can see 5.2k at the 1st week of Apr. If there is enough momentum, the price could continue to 5.8-6k region.
It's not just the pattern i noticed about the certain dates but also the;
- fib levels from all LH's since Dec 2017 aligning almost perfectly at 5.2k
- the 30/128 weekly MA death cross
- and the 1st week of Apr. coming on a TD9 if we don't get a price flip.
There is strong resistance at 4.4 and 4.8k on the way up but I don't know, all the points i mentioned above just seem too good to be a coincidence to me.
Lets wait and see :)
Comment:
Hmm, off by 20$ on the price and nailed the rest to the tick...not bad.
