Can history repeat itself with STRAT/BTC? Current patterens over the past 2 weeks are looking awfully similar to those at the end of May. RED lines replicate an almost symmetrical V. BLUE lines represent a bearish trend followed by a quick spike up. GREEN lines are a widened version of the red. And finally the lengthened YELLOW downtrend. It was around this time that the resistance line was broken back in May. It was then followed by a 100% spike over the next 2 days.
Do not take any of this as investment advice. Just starting out with graph analysis so any feedback would be much appreciated :)
Do not take any of this as investment advice. Just starting out with graph analysis so any feedback would be much appreciated :)