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Rhyme

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Long
by Majnoonu
3
A stretch of the imagination breakout for BTC 1st quarter 2021I know this is a stretch of the imagination here but could we be setting up for a similar pattern out of the beam bands as in 2013. You can see this in the link provided how Bitcoin broke through the Beam bands twice. The first break out was 156% above the Beam bands with a total 1800% bull run from the bottom of 2013. We then established a low down to between $50-$65 which was about an 80% drop. After this massive correction, BTC went on to break all-time highs above $1100 and also breaking above the Beam Bands as well. I am wondering if this could happen again this Bull cycle. I really thought we were going to see a correction after we hit above $40k and drawback down to a healthy $22k level but as we all can see Bitcoin still is showing some kind of momentum here and if it proves as strong as it looks we may be in for a surprise. If this plays out we could see a $155k BTC price with a correction back down to around $38k as seen on this updated channel. After this massive correction of about 75% we then set up for a second Beam bands break out and into the second all-time high for 2021-2022. Please understand that this information is not meant for trading it is just my opinion and all trades should be done with extreme caution as all monies can be lost as nothing is guaranteed in any market. I am just trying to analyze this as a possible rhyme in the BTC chart pattern of 2013.
BITFINEX:BTCUSDLong
by altcoinb
1