Is Bitcoin PA repeating the 2019 - 2020 pre-halving pattern
This is an idea I have been posted for months now and I admit, I thought maybe it was getting to late......BUT....
We are currently in position D with talk of a pull back / Correction.
Many are saying another 20% Drop, Maybe to 30%.........all very possible.
And we are at a marker of 61 days before Halving.
Look at position B, Marked at 61 days before Halving...
That Red Candle is a -57% Drop, Which was quickly recovered afterwards.
It will take a -51% drop to meet that same trendline currently and then to create the same type of Double Bottom we had in position A & B
They would Also be separated by the same day count of 425 days
That type of Drop would scare many BUt there is NO guarantee this Wil happen, so, Short BTC at your own Risk
Thsi is Just an observation Not a suggestion
We are currently in position D with talk of a pull back / Correction.
Many are saying another 20% Drop, Maybe to 30%.........all very possible.
And we are at a marker of 61 days before Halving.
Look at position B, Marked at 61 days before Halving...
That Red Candle is a -57% Drop, Which was quickly recovered afterwards.
It will take a -51% drop to meet that same trendline currently and then to create the same type of Double Bottom we had in position A & B
They would Also be separated by the same day count of 425 days
That type of Drop would scare many BUt there is NO guarantee this Wil happen, so, Short BTC at your own Risk
Thsi is Just an observation Not a suggestion
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