Looking at weekly in Bitcoin futures chart. Candles at the tops look very similar - green inverted hammers. Multi month dump followed. Candles at the bottoms are both bellow ribbon and look like green hammers. Huge bounce, what looked like a dead cat bounce followed. From dead cat bounce we had ATH.
Let's say we follow the previous 2 trends - If I copy the thick red line, it goes to 32615. If I copy the thick green line it goes to 79380.
Anyway dont see us going any lower, since we want to stay close to the ribbon. I see us going above the ribbon to about 56k, then we will see. After 2 months going down I feel the bounce has just started.
Let's say we follow the previous 2 trends - If I copy the thick red line, it goes to 32615. If I copy the thick green line it goes to 79380.
Anyway dont see us going any lower, since we want to stay close to the ribbon. I see us going above the ribbon to about 56k, then we will see. After 2 months going down I feel the bounce has just started.