I took a look at BTC's monthly chart and found a pretty interesting pattern—every time there are 3 consecutive monthly red candles, there's usually a rebound that follows.
Based on this rhythm, in the next two months or so, the price is very likely to touch the 102,000 to 106,000 range. If this move really happens, then altcoins will have a lot of upside potential, and seeing several multiples of gains wouldn't be a dream.
Of course, the premise is that if we break the previous low this month, the drop shouldn't be too steep—holding around 77,000 would be ideal. Technically, there's already a bullish divergence signal on the daily chart, and with the 5-wave down structure completed, a 3-wave correction is underway. This script actually fits historical trends quite well.
As always, use the monthly chart to set the direction, and the daily chart to find entry points.
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MevHunter
· 12-07 03:52
What if 77000 can't hold? Is this guy's pattern reliable or not?
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PumpAnalyst
· 12-07 03:52
It's the same pattern of a rebound after three consecutive red monthly candles, but can 77,000 really hold this time? I'm a bit doubtful.
Altcoins multiplying several times? Wake up, that's what everyone who got dumped on before was thinking.
I also see the bullish divergence on the technicals, but so do the whales. Be careful not to get trapped.
Looking for an entry on the daily chart sounds nice, but I'm worried that entering now could mean becoming exit liquidity. Take it easy, everyone.
102k to 106k? If it really gets there, I'll make a comeback on this swing, but only if the monthly support doesn't break.
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WhaleWatcher
· 12-07 03:36
If 77000 can't hold, it's time to buy the dip. Elliott Wave Theory really never fails.
I took a look at BTC's monthly chart and found a pretty interesting pattern—every time there are 3 consecutive monthly red candles, there's usually a rebound that follows.
Based on this rhythm, in the next two months or so, the price is very likely to touch the 102,000 to 106,000 range. If this move really happens, then altcoins will have a lot of upside potential, and seeing several multiples of gains wouldn't be a dream.
Of course, the premise is that if we break the previous low this month, the drop shouldn't be too steep—holding around 77,000 would be ideal. Technically, there's already a bullish divergence signal on the daily chart, and with the 5-wave down structure completed, a 3-wave correction is underway. This script actually fits historical trends quite well.
As always, use the monthly chart to set the direction, and the daily chart to find entry points.