BTC / USD - Current structure looks similar to 2017 Bull Run
Just an observation:
If you zoom in to the daily or 4 hour and look at the structure prior to the first circle on the left:
Note - the green trendline on the left was drawn on the daily line chart (monthly does not display its peaks and valleys correctly).
This is bitcoin we're talking about though, so a polar opposite reaction is still possible. Always have a plan for every scenario.
If you zoom in to the daily or 4 hour and look at the structure prior to the first circle on the left:
- You will see bitcoin's daily chart looked nearly identical to our current monthly chart just prior to the 2017 run up to
our last all-time high. - Also, if you zoom in on both circled areas on the smaller time-frames, you will see that they also have a nearly identical structure.
Note - the green trendline on the left was drawn on the daily line chart (monthly does not display its peaks and valleys correctly).
This is bitcoin we're talking about though, so a polar opposite reaction is still possible. Always have a plan for every scenario.
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