BTC just did a 1000$ jump in a week. In the previous analysis in the weekly chart a tweezer bottom pattern appeared. Which now is confirmed by the jump. However there was a sell off before the jump to +7k a possible bear attack.We might see more of these attacks when BTC is on the way to breaking the Fibonacci levels and getting above Moving Averages.
Also there is a ''possible historical pattern'' appearing if we look back to 2014, BTC made upward move during the summer of 2014 but dropped hard until the end of 2014 and beginning of 2015. This might also be the case right now.
However BTC evironment of 2014 isnt the same as now and this pattern can be neglected.
In other words dont jump in with your money by seeing a typical BTC jump. Invest when its safe itll give you a better feeling.
''The more closely you look at one thing, the less closely can you see something else.''- heisenberg.
Also there is a ''possible historical pattern'' appearing if we look back to 2014, BTC made upward move during the summer of 2014 but dropped hard until the end of 2014 and beginning of 2015. This might also be the case right now.
However BTC evironment of 2014 isnt the same as now and this pattern can be neglected.
In other words dont jump in with your money by seeing a typical BTC jump. Invest when its safe itll give you a better feeling.
''The more closely you look at one thing, the less closely can you see something else.''- heisenberg.
