August 17th 2017 setup - Will history repeat itself?

11. Dez. 2017

Take a look back at this period of the year where BTC was at a record high (August 17th). Followed by a quick correction, a bounced back to form a double top and a sharper correction.

If we see the double tops forming here, then we should be able to pick up some more BTC at the 10900 level.
This time everything is different with XBT Futures so it might not play the same way.

12. Dez. 2017

Anmerkung

LTC then ETH, now XRP. Aren't we assisting to a market manipulation and large re-distribution?

Once the cycle is done, BTC might attract buyers again.

14. Dez. 2017

Anmerkung

At critical level now. if it breaks down it'll go to 13.7K.

20. Dez. 2017

Anmerkung

A little early to confirm that history does repeat itself.

Watching closely.

Currently at a good buy level. If it goes down more we should touch a strong support around 13750. If support breaks then will be picking more at 11K.

22. Dez. 2017

Anmerkung

History DOES repeat ITSELF !!!

Prepare to buy now before bounce back !!!