December 2017 repoeating itself?
Check out this fractal on the 1D comparing December 2017 BTC peak with what we are seeing now. Almost identical.
1) Ultra bullish momentum pushing price way above 50MA.
2) 3 red candles down
3) Followed by super strong reversal (2019 one green candle, 2017 2 green candles)
4) 1 red candle down
5) Sideways for a day (in our case this is the second day)
6) Violent move up over 2 days only to be followed by massive price reversal
What do you think?
1) Ultra bullish momentum pushing price way above 50MA.
2) 3 red candles down
3) Followed by super strong reversal (2019 one green candle, 2017 2 green candles)
4) 1 red candle down
5) Sideways for a day (in our case this is the second day)
6) Violent move up over 2 days only to be followed by massive price reversal
What do you think?
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