Bitcoin new all time highs inbound
I had the thought that #BTC has been moving like a slow old dinosaur stock trying to break all time highs so I pulled up a comparison with 
KO
TheKO weekly chart when it broke to new all time highs this year is identical to the #BTC daily chart
The exact same price action occurred over a completely different timeline
✅ Initial strong breakout to respective all-time highs
✅ 20%+ pullback and retest of the initial breakout area
✅ 20%+ bounce from the pullback
✅ Multiple lower highs and failure to reach new ATHs
✅ Retest of the 20% pullback
✅ Double bottom confirmation
✅ Tight range consolidation
✅KO all time highs
⏳
BTCUSD Bitcoin all time highs
KOThe
KO weekly chart when it broke to new all time highs this year is identical to the #BTC daily chartThe exact same price action occurred over a completely different timeline
✅ Initial strong breakout to respective all-time highs
✅ 20%+ pullback and retest of the initial breakout area
✅ 20%+ bounce from the pullback
✅ Multiple lower highs and failure to reach new ATHs
✅ Retest of the 20% pullback
✅ Double bottom confirmation
✅ Tight range consolidation
✅
KO all time highs⏳
BTCUSD Bitcoin all time highs
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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.