Will history repeat?
The last time we had a similar setup was back in July right before a major move higher
We've seen something similar before.
The last time bitcoin had a 3 day print like we have now in a downtrend, it looked something like this:
(source: https://twitter.com/ethcryptoqueen/status/1472205530156482568/photo/1)
Does that mean we are about ready to bottom?
I sure hope so!
I guess downtrend will continue till Feb 2022 after which we will have a strong bull rally.
I don't think it is done yet either. I think we will see BTC at 40k before we see it at 60k again, but we will see both.