Bitcoin is repeating its spring pattern. We've made a clear chart, but here is the step-by-step text explanation:
1. Formation of a parabolic up-trend with strong upward support.
2. Breakout of the support and a small consolidation below the one.
3. Price rollback above the support to the previous values.
4. Sharp pump above the strong horizontal resistance ($10000 that time, $20000 now) with only one purpose - trigger stop losses.
5. And sharp dump back below the horizontal level in order to consolidate more.
The similarity is astonishing! At the current time we're at the third step.
1. Formation of a parabolic up-trend with strong upward support.
2. Breakout of the support and a small consolidation below the one.
3. Price rollback above the support to the previous values.
4. Sharp pump above the strong horizontal resistance ($10000 that time, $20000 now) with only one purpose - trigger stop losses.
5. And sharp dump back below the horizontal level in order to consolidate more.
The similarity is astonishing! At the current time we're at the third step.
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Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Join Bybit with us:
goo-gl.su/ibF9Y
Twitter:
twitter.com/Robert_Klondike
Email:
ekstraruto@gmail.com