The current BTC setup looks similar to what we saw after the Covid crash in early 2020

in #bitcoin2 years ago

The similarities here are eerily similar...

If you look hard enough, you can see patterns and similarities in just about anything.

And that might be what I am seeing here, but it also might not be.

Looking at the pattern that played out around the covid19 bitcoin crash and I see something very similar occurring now on the weekly chart.

Check this out:

image.png

(Source: https://twitter.com/valerio_job_/status/1463637574107471887/photo/1)

Based on this pattern we are in the last low before the parabolic move.

Ironically that's also what the 2013 and 2017 bull market patterns are also showing.

So, we have 2 bull markets and a fractal last year all showing the same thing...

The parabolic move is coming and this the last dip before it happens.

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