Greetings everyone,
and welcome to a new short technical analysis, as the charts speak more.
The steep gain in an one-coin show for the last days. Consolidation is underway and, if history does repeat itself, then Bitcoin should correct itself down to - but not less than - $17,200. As you can see in the 4-hour chart, the similarities are way too many to ignore. the increase is the same - even if it has a lower percentage, but this is due to the fact that the price is bigger - the duration is the same and the MACD is the same. Also, the small consolidation in the last three candles is similar to the old one.
If you ask me, I would be happy about this, even if it is not likely that I will follow and remain in position (well, maybe a small amount..), because this means that we could bounce back and hit an all-time high until the end of the year.
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