BitcoinLong
BTCUSD Inverse H/S At Play Long Idea
Updated
All calculations approximato:
I am less sure of this idea than my first published idea here on tv. Nonetheless, the lows for both gold and btc appears to be No/22. Compare gold Se/11 to Ja/16, looks similar to btc Ap/21 to No/22.
BTC basing patterns, 2013 symmetry. 2014 + 2018 extra year from bottom to resistance. 2021 symmetry? My opinion, 2021 basing pattern needs to form right shoulder of inverse h/s.
DYOR.
And the link to the referred gold chart
I am less sure of this idea than my first published idea here on tv. Nonetheless, the lows for both gold and btc appears to be No/22. Compare gold Se/11 to Ja/16, looks similar to btc Ap/21 to No/22.
BTC basing patterns, 2013 symmetry. 2014 + 2018 extra year from bottom to resistance. 2021 symmetry? My opinion, 2021 basing pattern needs to form right shoulder of inverse h/s.
DYOR.
And the link to the referred gold chart
Note
Where the blue lines meet- May 2024, purple- Sep 2024. Spx low was Oc/22- about a month earlier than gold and btc.Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.