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Bitcoin - Could this REPEAT again !!?!! by kingyus

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· @kingyus · (edited)
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Bitcoin - Could this REPEAT again !!?!!
# This was back in the bear market of 2015
![image.png](https://ipfs.busy.org/ipfs/QmRCZFfD1QEtmDBrBShcCBif2KPf8nA3bNWnmYP3mx78d6)

### This is now...see the similarities?
![image.png](https://ipfs.busy.org/ipfs/QmP3TGQhBuVF9e4S67jabFScCGnQBys3TxvhzvcDBPBkde)

### Let's take a closer look and watch this numbers...

![image.png](https://ipfs.busy.org/ipfs/QmNfSYu3YXWQxB1Xxn9oScLXEFHuhYvRyef1ACZue5myGb)
### The ratio between the resistance and top is:
297/317= 0.9369
### then I multiplied that ratio with the present high of 8390 to get the present resistance level  
8390 x 0.9369 = 7860

### I drew a line on the 7860 and surprisingly enough the chart respected it as you can see...until now at least
![image.png](https://ipfs.busy.org/ipfs/QmWMCpwJSN6DPCcVULTV5Dd9WviL9uAiANxRdNuUjPqD2D)

### So now let's confirm the breakout point too of 275 and see if it matches, again:
275/317 = 0.8675
### now for confirmation:
0.8675 x 8390 = 7278 <----- Success! Which is pretty damn close enough to the present breakout around 7300

### With the similar ratio of a bottom breakout and a top resistance that would suggest a huge correction to bitcoin in the next 30 days to come...maybe...it all depends if we stay below the resistance of the 7860 zone...

![image.png](https://ipfs.busy.org/ipfs/QmeDijBRwTRcXqnf6hXaniVEfQmZQRz5FNHDYgxo2gncxF)

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authorkingyus
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created2019-05-19 03:26:03
last_update2019-05-22 21:36:39
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