BTC Bitcoin Dont Panic Here This Is A Perfect Measured Move
I like the line chart because it filters out the noise and only shows the close prices. As you can see Bitcoin plays out these double top measured moves almost to the T perfectly. I can go back further but I dont need to its fairly similar.
Bitcoin will bounce around here for a bit and come dow to close the 5 day at the measured move around 82k then its back to the races. We're not going to crash, its just getting started. It may wick below 82 but on a closing basis on the 5 day, which has been very accurate in its history, 82k is where the measured move is. Dont fall for the bearish we're gonna crash stuff. Bitcoin has a long way to go before any top.
Not financial advice just my opinion.
Bitcoin will bounce around here for a bit and come dow to close the 5 day at the measured move around 82k then its back to the races. We're not going to crash, its just getting started. It may wick below 82 but on a closing basis on the 5 day, which has been very accurate in its history, 82k is where the measured move is. Dont fall for the bearish we're gonna crash stuff. Bitcoin has a long way to go before any top.
Not financial advice just my opinion.
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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.