Take a look back at this period of the year where BTC was at a record high (August 17th). Followed by a quick correction, a bounced back to form a double top and a sharper correction.
If we see the double tops forming here, then we should be able to pick up some more BTC at the 10900 level.
This time everything is different with XBT Futures so it might not play the same way.
If we see the double tops forming here, then we should be able to pick up some more BTC at the 10900 level.
This time everything is different with XBT Futures so it might not play the same way.
Note
LTC then ETH, now XRP. Aren't we assisting to a market manipulation and large re-distribution?Once the cycle is done, BTC might attract buyers again.
Note
At critical level now. if it breaks down it'll go to 13.7K.Note
A little early to confirm that history does repeat itself.
Watching closely.
Currently at a good buy level. If it goes down more we should touch a strong support around 13750. If support breaks then will be picking more at 11K.
Note
History DOES repeat ITSELF !!! Prepare to buy now before bounce back !!!
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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.