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?