Long

🅱️ 2017/18/19 BTC Similarities To Present Day Bitcoin

Updated

✔️ It took Bitcoin exactly 365 days from December 2017 to December 2018 to complete a wave from top to bottom.

✔️ It took Bitcoin exactly 365 days from November 2021 to November 2022 to complete a wave from top to bottom.

☑️ It took Bitcoin exactly six months from December 2018 to June 2019, to cement the bear market recovery.

Present day, we are 4 months in...

☑️ It is likely to take Bitcoin exactly six months from November 2022 to May 2023 to cement the bear market recovery.

These are strong similarities from the past to present day.

After this bullish wave comes a higher low followed by consolidation and then confirmation of the next bullish phase.

Enjoy the rally.

There is no going down to 13,000, nor 11,000 even less to 5K.

The Bitcoin bottom is already in, it happened 4 long months ago.

Namaste.

Note

We have a new and very strong bullish signal to consider and that is volume.

One of the main points to use for confirmation or negation of a move is the trading volume.

As Bitcoin started to move up, we would see, read and hear that there wasn't enough volume.

I remember mentioning that the trading volume would come when the real action started to happen.

That the volume was low because there were no sellers and things were only getting started. Low volume at first and then it grows...

Guess what?

This week Bitcoin produced the highest buy volume ever in its history on Binance, the biggest exchange within this industry.

This is as good as it gets when it comes to a confirmation of the current bullish move based on TA.

The trading volume can be seen rising and rising and rising, until we have the highest volume ever today.

Tomorrow the spring starts, the winter ends and Bitcoin will shine, the Altcoins as well.

Namaste.

AlanSantana

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