BTC.D - 1D - 2017 comparison - A speculative analysis!
NOT A FINANCIAL ADVISOR!
As we saw from the previous linked idea, the BTC.D reacted to the support as expected.
Since that idea, a RSI breakout occured, therefore I am expecting a further move up for the near future until RSI tops.
In this idea, I want to compare with 2017 by using bar patterns and therefore this is a bit speculative.
The RSI Breakout agrees with the bar pattern extracted from 2017.
If this 2017 pattern "rimes" with 2021, you can expect a retest of the most recent high (from some days ago) (remember a High on BTC.D might mean a dump on BTCUSD).
And again if this 2017 pattern continues to "rime", after that high expect a huge dump below BTC.D all time lows! => huge Alt Season!!
Take this information with a grain of salt!
=> Am I taking any action based on this information?
=> NO! :) Still I found it interesting/speculative enough to share it!
Good luck!
As we saw from the previous linked idea, the BTC.D reacted to the support as expected.
Since that idea, a RSI breakout occured, therefore I am expecting a further move up for the near future until RSI tops.
In this idea, I want to compare with 2017 by using bar patterns and therefore this is a bit speculative.
The RSI Breakout agrees with the bar pattern extracted from 2017.
If this 2017 pattern "rimes" with 2021, you can expect a retest of the most recent high (from some days ago) (remember a High on BTC.D might mean a dump on BTCUSD).
And again if this 2017 pattern continues to "rime", after that high expect a huge dump below BTC.D all time lows! => huge Alt Season!!
Take this information with a grain of salt!
=> Am I taking any action based on this information?
=> NO! :) Still I found it interesting/speculative enough to share it!
Good luck!
