ðĨHISTORY TO REPEAT ITSELF, BTC TO RISE AGAIN 20th-22nd JUNE
As we can all see on this chart, this is replica of what happened early this year (January, 2021).
On 8th January, price found itself in a tight triangular zone and eventually left the zone 21 days after with a breakout and a retest which led us to $57,500.
History repeated itself again and price got into the same tight triangular zone on 19th May 2021 and it's still dwelling within the zone.
Therefore, I expect an upward breakout from the triangle and a pull back to confirm a good buy to $57,500 just as I happened on 29th January.
Therefore I expect Bitcoin to regain it's full rising strength within 20th-22nd June.
This idea is invalid if price breaks the support zone within $28,800-$30,000 downward to $26,000.
What do you think?
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Not Financial Adviceðļ
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On 8th January, price found itself in a tight triangular zone and eventually left the zone 21 days after with a breakout and a retest which led us to $57,500.
History repeated itself again and price got into the same tight triangular zone on 19th May 2021 and it's still dwelling within the zone.
Therefore, I expect an upward breakout from the triangle and a pull back to confirm a good buy to $57,500 just as I happened on 29th January.
Therefore I expect Bitcoin to regain it's full rising strength within 20th-22nd June.
This idea is invalid if price breaks the support zone within $28,800-$30,000 downward to $26,000.
What do you think?
Share your opinion in the comment sectionâïļ
Please support this idea with a LIKEð if you find it usefulðĨģ
Follow me to receive more updates on this pairðĪ
Happy Tradingð°ðĨģðĪ
Trading Involves High Riskâ ïļ
Not Financial Adviceðļ
Use Proper Risk Managementðđ
Thank you for your support!ð
NB: If you would like to have one-on-one interaction with me about analysis of coins or currency, DM me.
āļāļīāļāļāļēāļĢāđāļāļĢāļ āļāđāļ§āļĒāļāļāđāļāļ:
Fortunately and unfortunately, price broke out early. A bullish movement will follow