Bitcoin on the Monthly >> Big parallels with Q2 2016 bull rally
Yet another Bitcoin update! 
BTC
Monthly chart shows a strong parallel between the initial parabolic rise of early 2016 and 2019.
1- In June 2016, Monthly RSI topped out at the same level we seem to be topping out on now, around 60.75!
2- Both had roughly a strong parabolic rise of 300% increase or so in price from the real definitive breakout points, with a BlowOff Top at the golden pocket (61.8%-60.5% fib retrace)
3- Will 2019 retrace 41% as in June 2016? I think it's not unlikely.
Let's see!
Cheers,
Leb Crypto
BTCMonthly chart shows a strong parallel between the initial parabolic rise of early 2016 and 2019.
1- In June 2016, Monthly RSI topped out at the same level we seem to be topping out on now, around 60.75!
2- Both had roughly a strong parabolic rise of 300% increase or so in price from the real definitive breakout points, with a BlowOff Top at the golden pocket (61.8%-60.5% fib retrace)
3- Will 2019 retrace 41% as in June 2016? I think it's not unlikely.
Let's see!
Cheers,
Leb Crypto
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.