opportunity to take advantage of reversal pattern on BTC?
Many people has pointed out how during 2018 (I don't know who noticed it first, I have seen it on reddit and youtube) on the sixth day of every month there seems to be a reversal of the price trend for bitcoin. Taking a look at the chart, on January six BTC price trend started to drop, then on February six it started to go up again only to drop again on March six and so on... If that pattern holds, then we can brace ourselves for a new up trend starting on June six and ending right before July six, should this happen... we can set a target right below the 10,000 $ as BTC will hit a very strong resistance at the 200EMA so it will be interesting to see if it can break that barrier this time.
I publish this idea, not with the intention of convincing you that this trend will keep happening, but to discuss what could be the reason for it? Is it a coincidence? Is there any particular event that has triggered it in the past months?
I publish this idea, not with the intention of convincing you that this trend will keep happening, but to discuss what could be the reason for it? Is it a coincidence? Is there any particular event that has triggered it in the past months?
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