Let’s talk about bitcoin! In then February 1, 2024 video, we discussed the Livermore Accumulation cylinder pattern found in the BTC/USDT chart. We also found confluences in support and resistance with the reverse Fibonacci tool. In this video, we find more confluences using Ichimoku Kinko Hyo. This video is not an endorsement to buy or sell cryptocurrency or any other securities.
We will discuss why we were bullish in 2023 and what’s in store for 2024. What’s in this video? This video analyzes the BTC/USDT chart using the pattern that formed in the March 2020 low and the pattern that is currently forming as of January 31, 2024. The video also discusses the bullish and bearish scenarios. The pattern that formed at the 2020 low was the Livermore Accumulation Cylinder. This resulted in a strong move near the $64,000 level. That same pattern seems to be manifesting now. Will history repeat itself? Bullish and bearish scenarios for bitcoin are explained. This video is not an endorsement to buy or sell cryptocurrency or any other securities.
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