Bitcoin, is the past repeating itself?

Hello community, KC also explains Bitcoin and the function of the Kelltner channel. The KC spreads an approximately 2% size in the respective time window. Buy and sell signals are issued when exiting this area. If the price falls below or exceeds, a trend reversal always follows. The areas marked with an X all have one thing in common, the course reverses. All scenarios are accompanied by one to two larger red or green candles, also in combination with the previous trend, which always accompanies a reversal pattern. Smaller weekly candles that leave this channel in the short term, whose small movements could also be traded on a daily basis via the KC in the opposite direction, because this movement can be observed more closely there. Based on this rule, the question arises as to whether it is happening as it has almost always been in the past, or is everything different that this principle is not used here. I'm absolutely sure what can happen, but no one can really estimate the extent. An important point is the area around USD 52,500. If there were a sell-off at USD 60,000 and the buyers did not provide any new impulses, then it would go down to a minimum of USD 25,000. Maybe 60000 usd will be reached again briefly, but major resistance would form. Indicators on a daily and weekly basis also point to a price decline. The price remains bullish up to USD 18,000, below it could reach four digits.

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