Bitcoin Follows My Drawings!

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Avatar for Readerbaby
1 year ago

I got a bit distracted by Solana action and forgot about Bitcoin for a moment, I just checked and see that Bitcoin broke out of the triangle reached half of the price target as I have mentioned previously and now is back to $34,600 level!

As this pattern is now done we can move the lines and see there is a new pattern forming and it looks like rising channel.

There is a squeeze happening right now in the Bitcoin chart we will soon have a very volatile price actions! As you can see the green and yellow lines create a some sort of ascending triangle (resistance) too the apex is on the 12th of November! Literally 10 days! I will not speculate on predicting a direction here because this is very difficult spot! But If we had the same percentage pump as in the previous run then Bitcoin is on the way to $60,000 before correction!

All The Best.

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1 year ago

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