The currently weekly chart of BTC matches all the stages of the daily chart bull trap in 2017. This implies we might be on the verge of a longer lasting crash, taking five times as long as the 2017 one.
Matching points on daily 2017 and weekly 2021;
Bitcoin bulls have come to expect quick recoveries, but this might only be starting.
Matching points on daily 2017 and weekly 2021;
- 50% drop
W shaped double bottom
Into bull trap of about 15 bars
Retracement levels of 61.8%
Bitcoin bulls have come to expect quick recoveries, but this might only be starting.
