![Will bitcoin [btc] repeat its history from 2013?](https://ohiobitcoin.com/storage/2019/01/yulpzh.png "Will bitcoin [btc] repeat its history from 2013?")
![Will bitcoin [btc] repeat its history from 2013?](http://ohiobitcoin.com/storage/2019/01/yulpzh.png "Will bitcoin [btc] repeat its history from 2013?")
Hey!
I am back with another .
This time looking at weekly timeframe and comparing 2013 december crash to our current crash.
I have spotted a few similiar things that these two crashes have in similiar, the triangle formation follown by an ..
It seems like currently is in this and I am waiting for sharp spike .
Even though, is a formation, this only applies in uptrend.
EMAS are signifying downtrend, which will last for a while, when we are considering this downtrend as insignificant uptrend which is likely to occur, which will happen by market uncertainty.
Low buying power, and another spike why would you go against a trend and try to push the price higher when you are in
disadvantage?
History can be repeated, and may see price low as 1850, from where is likely to bounce to 2245 and from there, unsignificant uptrend may begin, but first I expect spike up/pinbar/bullish fakeout to happen.
And whats your opinion on next move? Are you or bearish?
Will you tether, or hold strong in altcoins?
Thats all for me, at least for now.
If you agree with this , let me know by hitting that “Agree” Button as it motivates me to do more similiar Technical Analyzes for no profit.
And of course, if you have any questions, let me know in the comments down below, I will answer each one.
Thanks and good luck trading!
Published at Thu, 24 Jan 2019 18:14:34 +0000