Bitcoin with a classic S/R flip of the 64-28k 8-month trading range.
If we analyse the September 2020 range we can see that there are some similarities and a clear pattern of
1. Over - Price rallies over resistance but is unable to stay above)
2. Under - Price drop back below but finds support at equidistance to the highs
3. Over - Price re-breaks resistance
4. Test - Price tests the range midline
5. Trend continuation
https://www.tradingview.com/x/K8jueCwB/
I strongly believe that this dragged out range is setting up for a similar break of its ATH and onwards up to 200k+ which correlates with my other bitcoin predictions
If we analyse the September 2020 range we can see that there are some similarities and a clear pattern of
1. Over - Price rallies over resistance but is unable to stay above)
2. Under - Price drop back below but finds support at equidistance to the highs
3. Over - Price re-breaks resistance
4. Test - Price tests the range midline
5. Trend continuation
https://www.tradingview.com/x/K8jueCwB/
I strongly believe that this dragged out range is setting up for a similar break of its ATH and onwards up to 200k+ which correlates with my other bitcoin predictions
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