BitcoinLong
Why Bitcoin is mimicking the price action of Sept 2020
I did a deep dive and saw that rather than what happened at July 2021 at 30k... Bitcoin is mimicking what happened at 10k in Sept and here is why...
If you look you can see RSI, Stochastic and MACD are all same levels as in Sept 20th 2020
Rather than the levels they was at in July 2021 at 30k
In conclusion I see two most likely scenarios play out.
1. We do an ABCD move at we likely hit a price target of 60k+ by Nov 11th Approx
2. We range and accumulate more without breaking 40k and then finally lift off to 60k. (maybe we will range approx a month max)
Least likely scenario:
We break 40k and we test lower and why....
MACD levels are above 600 where in July 2021 it was -3000
Also the RSI was much lower and we are showing on a 3D time frame we gaining pace at 40-50 which is same pattern as in Sept 2020...
If you look you can see RSI, Stochastic and MACD are all same levels as in Sept 20th 2020
Rather than the levels they was at in July 2021 at 30k
In conclusion I see two most likely scenarios play out.
1. We do an ABCD move at we likely hit a price target of 60k+ by Nov 11th Approx
2. We range and accumulate more without breaking 40k and then finally lift off to 60k. (maybe we will range approx a month max)
Least likely scenario:
We break 40k and we test lower and why....
MACD levels are above 600 where in July 2021 it was -3000
Also the RSI was much lower and we are showing on a 3D time frame we gaining pace at 40-50 which is same pattern as in Sept 2020...
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.