Hi there! it seems to be a cycle that is happening every month form the 6th-8th (see all blue dotted lines), if you look at the chart it happened in these dates:
- December 7: it was all the time hight at that moment, then collapsed.
- January 6: it was high on a bounce after recovering from all time high.
- February 6: After a big drop to $5959 it started to recover on that date.
- March 6: after recovering from the big drop of $5959 it reached the high of $11716, on this date it started a big drop again!
- April 6: Touched bottom of $6450 then on that date it started to climb again
- May 6: After touching the high of $10017 it started to collapse once again!
- Jun 6-8: ????????????? it might be date that we finally bottom and start a new climb.
At the moment BTC Bitcoin seems to be forming a rising wedge that could give a fulfilling bottom from the 6th to the 8th of Jun
Everybody seem to think that we are already bullish, be careful it might be a bear trap.
What do you guys think?
Have a great day and Remember to press LIKE
- December 7: it was all the time hight at that moment, then collapsed.
- January 6: it was high on a bounce after recovering from all time high.
- February 6: After a big drop to $5959 it started to recover on that date.
- March 6: after recovering from the big drop of $5959 it reached the high of $11716, on this date it started a big drop again!
- April 6: Touched bottom of $6450 then on that date it started to climb again
- May 6: After touching the high of $10017 it started to collapse once again!
- Jun 6-8: ????????????? it might be date that we finally bottom and start a new climb.
At the moment BTC Bitcoin seems to be forming a rising wedge that could give a fulfilling bottom from the 6th to the 8th of Jun
Everybody seem to think that we are already bullish, be careful it might be a bear trap.
What do you guys think?
Have a great day and Remember to press LIKE
Trade closed: target reached
Trade closed. Target reachedEnjoy
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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.