Patterns within a pattern. So does Bitcoin go sideways similar to the previous 100 days of consolidation?
The first 3 charts are 4 hour bar, the last one is the daily bar.
It's quite possible that the price of Bitcoin is the same price as it is now around May 25th before moving higher. I see the price bouncing around violently between now and then.
We could tag the 6300 area and come back down to the present price level.
Or ........ we could see the price break down only to see it right back at today's level.
The dark side........... if the price breaks below the previous breakout (dotted orange line) ..... Bad.
As long as we can stay within the Andrews Pitchfork......... Good.
Either way........... long term.............. AT THIS POINT ............ loooking swweet.
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So in ending........ Use critical thinking and think for yourself.
