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Proekt_73
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On the chart - extrapolation of the BTC price range from March to October on the movement from November 22. The chart is of the daily timeframe - on the four-hour timeframe chart.
We planned to show it earlier in the morning, but didn’t manage to do it. We intended to, because in recent days we have drawn many parallels between that range and the current one. Considering the current chart as a ‘miniature’ repetition. And this scheme even confirmed expectations of a final breakout in the area of $85,000. Plus, the duration of the range fit into the expectations.
As seen on the chart, from November 22 to December 1, the chart moved very similarly. In the structure of lower highs and lows. But from December 1, there was a ‘disconnect’, and today’s rise above the highs of November 25 and 27 completely breaks the structure. This is an important distinction. Therefore, there is a need to observe and receive new inputs.
$BTC
We planned to show it earlier in the morning, but didn’t manage to do it. We intended to, because in recent days we have drawn many parallels between that range and the current one. Considering the current chart as a ‘miniature’ repetition. And this scheme even confirmed expectations of a final breakout in the area of $85,000. Plus, the duration of the range fit into the expectations.
As seen on the chart, from November 22 to December 1, the chart moved very similarly. In the structure of lower highs and lows. But from December 1, there was a ‘disconnect’, and today’s rise above the highs of November 25 and 27 completely breaks the structure. This is an important distinction. Therefore, there is a need to observe and receive new inputs.
$BTC
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