Often the price trend tends to make repetitive patterns.
BTCUSD seems to following a similar patterm
Peaked on May 25th , 2nd Peak on June 12th
Drop to 0.618 - 0.786 levels after both peaks followed by a rise and drop again [eclipse]
Now forming a a triangle, breakout on the upside from this triangle will be a strong bullish signal. It may make a new all time high if it follows a similar pattern
BTCUSD seems to following a similar patterm
Peaked on May 25th , 2nd Peak on June 12th
Drop to 0.618 - 0.786 levels after both peaks followed by a rise and drop again [eclipse]
Now forming a a triangle, breakout on the upside from this triangle will be a strong bullish signal. It may make a new all time high if it follows a similar pattern
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.