Bitcoin - Could this REPEAT again !!?!!

in #bitcoin5 years ago (edited)

This was back in the bear market of 2015

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This is now...see the similarities?

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Let's take a closer look and watch this numbers...

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The ratio between the resistance and top is:

297/317= 0.9369

then I multiplied that ratio with the present high of 8390 to get the present resistance level

8390 x 0.9369 = 7860

I drew a line on the 7860 and surprisingly enough the chart respected it as you can see...until now at least

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So now let's confirm the breakout point too of 275 and see if it matches, again:

275/317 = 0.8675

now for confirmation:

0.8675 x 8390 = 7278 <----- Success! Which is pretty damn close enough to the present breakout around 7300

With the similar ratio of a bottom breakout and a top resistance that would suggest a huge correction to bitcoin in the next 30 days to come...maybe...it all depends if we stay below the resistance of the 7860 zone...

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