Hope you all had an amazing weekend and ready for the upcoming trading week.

The latest Bitcoin swings remind me of the previous channel (in orange) from 40k to 30k.

1- Where BTC found resistance around the 40k

2- Formed a channel with three consecutive swing highs (highlighted in red arrows)

3- The third impulse reached 30k

4- Price formed a minor swing high, broke it upward

5- Then an aggressive movement till 50k (new ATH )

NOW, WHAT? Will History Repeat Itself?

1- Price found resistance around the 60k (done)

2- Forms a channel with two consecutive swing highs (done)

3- Now if this third swing reaches 50k (forming now) then you know the rest 😉

Will History Repeat Itself? What do you think?

ORIGINAL ARTICLE: https://www.tradingview.com/chart/BTCUSD/aTFbQZVp-BITCOIN-Will-History-Repeat-Itself-Again/