If you agree that the Daily BTC pattern from May 2016 -June 2017 looks very similar to the pattern from from Dec-Jul 19 pattern this could be the resultant trajectory afterward. You can see that the proper Daily pullback correction fits nicely to return to the previous weekly high near 9000 before climbing to a new high of 18,000
Note
Entry would be at 1st test near 10,500Note
Theory invalidated
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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.