blackswanhaven

BTC 3 DRIVE PATTERN

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BITMEX:XBTUSD.P   Bitcoin
This is a perfect setup to display how 3 drives pattern works. Bullish scenario would be three consecutive bottoms and third drive landing on support. This pattern usually comes in harmonic and natural way, which means the distance between 3 drives is roughly equal, so it is not drawn by force, but rather, you just see it bcs it is there.

I am targeting the next crucial resistance at roughly 10500 area.
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