Bitcoin

BTC HnS leading into equilibrium pattern

135
A few others on this forum have predicted that the recent HnS pattern in BTC could lead the price below the neckline, towards the 5K territory in the near term. This stretch agrees towards a longer term equilibrium pattern devloping in the BTC price. High of 20K, low of 3K, lower high of 14K -> higher low of 5K, lower high of 10K, higher low of 7K. The volatility gradually decreases as the equilibrium pattern emerges.
This is also the time when long term bulls accumulate - in the hope that the price breaks out violently to the upside later on. So, looking at the timeline, the equilibrium pattern would evolve into mid-2020. It may take until 2021 for the next bull market to kickstart.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.