Is History Repeating?
Updated
Our current trend resembles the price activity from December 11th to Jan 7 in shape, RSI, MACD, and S/R levels.
After this trend in Dec-Jan we saw gains of 65% from the low, and a high of $10,300 by June, 5 months later.
If this is actually history repeating itself, we could retest the resistance of the macro trend at around $9,300.
If the 65% holds true, we could break out of our macro symmetrical triangle pattern and test a new all-time high.
After this trend in Dec-Jan we saw gains of 65% from the low, and a high of $10,300 by June, 5 months later.
If this is actually history repeating itself, we could retest the resistance of the macro trend at around $9,300.
If the 65% holds true, we could break out of our macro symmetrical triangle pattern and test a new all-time high.
Comment
We ALSO saw a buy signal on the Hash Ribbons during this past period, as we are now.All signs point UP!
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