📈Bitcoin continues to follow a remarkably similar path to its previous market cycles. Each major bullish impulse has been followed by a controlled correction, a fakeout towards the lower trendline, and then a strong rebound toward new highs.
Looking closely at the current structure, BTC seems to be retesting the lower bound of its long-term rising channel, a pattern that played out multiple times before every major leg up.
⚔️If history repeats itself, this fakeout could mark the final shakeout before the next macro rally, with a potential reversal forming between late November and early January.
🏹From there, the next impulsive wave could push price toward the upper boundary of the channel, around the $150,000–$160,000 zone, aligning perfectly with Bitcoin’s long-term cyclical rhythm.
The big question remains: will history rhyme once again, or is this time different?
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
Looking closely at the current structure, BTC seems to be retesting the lower bound of its long-term rising channel, a pattern that played out multiple times before every major leg up.
⚔️If history repeats itself, this fakeout could mark the final shakeout before the next macro rally, with a potential reversal forming between late November and early January.
🏹From there, the next impulsive wave could push price toward the upper boundary of the channel, around the $150,000–$160,000 zone, aligning perfectly with Bitcoin’s long-term cyclical rhythm.
The big question remains: will history rhyme once again, or is this time different?
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
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Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.