I’ve been looking at similarities between the current price action and the ones of the past with BTC and I’ve noticed a similarity between today and October 2019 – March 2020.Firstly, this is all based on the movements of price around the 200, 100 a d 50 moving averages on the 3D chart.

Overall, the main point to take from this pattern is that

– Bull Trap to 50k levels has a high probability of happening.
– The following move down will almost surely be a capitulation or slow correction to the 20k levels.
– As long as there is conflicting direction between the moving averages, 50 pointing down, 100 sideways and 200 up, we will not be in the final bullish wave 5.