Will History Repeat Itself? - Hunting for ARCSThe Bitcoin chart showcased illustrates the characteristic parabolic arcs that in the past heralded significant market turning points. These arcs depict periods during which the price of Bitcoin rose sharply, only to experience equally vigorous corrections. Such patterns raise the question - will the current price movement of Bitcoin conclude with a similar parabolic arc? This visualization aims to direct investors' attention to these potentially key formations, which could act as signposts for predicting future price movements. Recognizing these arcs becomes a "hunt," where traders endeavor to discern potential warning signals before market history repeats itself.
Bitcoinpattern
Bitcoin Might Retest The Highs One More Time.Bitcoin hit our target from our last video on a short squeez then came back down to retest the resistance of our descending broadening wedge as a support.With this successful retest we could see another retest at the highs
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Bitcoin Dumped To Our Target.A Retest And Pump ?BTC hit our 4H target (double bottom) now its consolidating around 35.4. we could see another retest at the lows the go higher around 38K or just push it from here.
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Bitcoin Hit Our Fib Level And Continues To ConsolidateBTC yesteday hit our fib level where we mentioned (0.618) and now its slowly pulling back up for more consolidation.possible retest points explained.
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BTC consolidation ends today according to the patternsBitcoin showing multiple sell signals shows its consolidation wants to end and maybe go to touch the lows.
Bitcoin Will Continue Consolidating And LiquidatingBitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move.
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$Bitcoin - Its all in the charts.As can be seen, BTC is moving in a curve. This curve seems to have found bottom around 16k for this cycle and is right now hugging the bottom trend line.
-Given this curve, will we see 16k again?
-Looking at the historicals, most likely not. But IF the price action breaks the bottom trendline then that will be a first and after that anything can happen.
If everything goes according to plan, and by plan I mean according to history, we should see a cycle top around next year second half, latest by start of 2025 but we may not need that much time.
-What will be the catalyst for a new cycle top?
-No idea. I make my decisions only looking at the chart and not news.
-Can I be wrong?
-Maybe, maybe not.
Only thing we as investors can do, is to DCA our position and wait.