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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