Is Bitcoin Top In?!? 2017 is telling us some secrets

12 Jan 2021

This is a possible scenario.

I enjoy seeing patterns play out over time. I think that the top might be in and we can compare our current position to the same spot in 2018.

I used the bars pattern tool to copy the exact price action from the first wave down after the 2017 top, then pasted it to our current position.

I find it interesting that it even lines up well with my fib retracements of this local swing.

What do you think?

Is the top in?

27 Jan 2021

Catatan

I still believe the top is in.

Still playing out rather similar. I do think there is a possibility that we come off my .50 fib and exhaust back up. I would look for 34-36k as resistance. If that holds as resistance. We will see 20k quickly.

Stay tuned.

More updates to come.

15 Feb 2021

Catatan

Updating this!

Well, it certainly started off very similar. But this has now been invalidated.