If you glimpse closely at BTC you can see that it's following a very close resemblance to the previous history's price action. We've got the initial push up into a rally, the retrace down into a reversal period that creates a 'Diamond Pattern', followed by the 2nd push up & retrace down to the support. It all seems to fit nicely into one large Rising Wedge pattern that respects all of the Levels and trends being drawn.
It really makes one wonder... is mass psychology this predictable? Do we tend to fall into the same subconscious patterns as a global whole, without even realizing it....
Or is someone pulling the strings and drawing perfect pieces of art on our screens...
Although I am quite skeptical that this will continue to play out so neatly, I still can't wait to see where the price leads and, for now, I am bullish.
"Time will tell..."
-Wolfie
It really makes one wonder... is mass psychology this predictable? Do we tend to fall into the same subconscious patterns as a global whole, without even realizing it....
Or is someone pulling the strings and drawing perfect pieces of art on our screens...
Although I am quite skeptical that this will continue to play out so neatly, I still can't wait to see where the price leads and, for now, I am bullish.
"Time will tell..."
-Wolfie
Note
#Rekt
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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.