Bitcoin going bullish (April drop repeated)
Tell me if im wrong but the market is repeating the april 2021 drop,
The april 2021 drop of 25000 lasted 96days in total before bouncing up and making all time highs in November 2021 now since November as you could expect the price has been dropping by a substantial amount (16000+ to be more specific). Comparing the time taken and the amount dropped in both drops i have noticed a bit of a similarity (Bare with me i will get to the point). okay so 25000 drop from april and coming up to 17000 drop from november, 17000 is around 68% of 25000 using this i can do (68% of 96days = 66days) and now i have an estimate on how long this current drop will last.
Thats cool to know but yes it is an estimate the real interesting thing is a 66 day estimated drop by the expected 17000 will place you perfectly in line with the current ascending triangle pattern (not break just perfectly on top), is this just a huge coincidence or is the market repeating itself from april 2021 and are we looking at a new all time high very soon.
The april 2021 drop of 25000 lasted 96days in total before bouncing up and making all time highs in November 2021 now since November as you could expect the price has been dropping by a substantial amount (16000+ to be more specific). Comparing the time taken and the amount dropped in both drops i have noticed a bit of a similarity (Bare with me i will get to the point). okay so 25000 drop from april and coming up to 17000 drop from november, 17000 is around 68% of 25000 using this i can do (68% of 96days = 66days) and now i have an estimate on how long this current drop will last.
Thats cool to know but yes it is an estimate the real interesting thing is a 66 day estimated drop by the expected 17000 will place you perfectly in line with the current ascending triangle pattern (not break just perfectly on top), is this just a huge coincidence or is the market repeating itself from april 2021 and are we looking at a new all time high very soon.
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