Re: Bitcoin Repeating History: 10 Part TA Series On Repeating Past Patterns
OP updated with 5 (out of 10) Parts still active. These remaining extrapolations are now giving very mixed signals, despite continuing to be useful and accurate, implying long-term indecision in the market that will likely be clarified in the coming weeks, or by next month. For bullish TA from November-December 2019, click here.
Part 1: Descending Triangle Looking Similar To 2018 (Short - Active)
Update 06/01/20: Price continuing to find support where resistance is forecasted in the future, therefore continuing to negate the $2,600 possibility.
Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low (Short - Active)
Update 06/01/20: Price continues to follow the path of a "slow grind" reversal, implying further downside, unless price breaks away from previous pattern . Target remains $2,500.
Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown (Short - Re-Active)
Update 23/12: Price continues to find support from similar breakdown level as the 2012 consolidation, suggesting further range-bound prices until block halving.
Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Neutral - Active)
Update 23/12: The Red 5 candle remains definitively on the bearish path, implying another 2-4 months of correction, with an implied dump this month.
Part 10: Extrapolating the 50 & 200 Day MA bear crosses (Short - Active)
Update 23/12: Price is precisely same level as 2018 bear-cross after reaching it's first 75% probability target of $6.4K, the next 75% probability target is $4K.
