I'm currently looking at the Bitcoin chart and seeing something interesting. The price has dropped to 78,000, but the pattern that Livermore described seems to be starting to appear. That Livermore cylinder, which shows accumulation phases followed by a sharp surge—it's forming right in front of us.



Volatility is increasing, volumes are jumping—this is exactly what precedes a vertical move. If it breaks through the resistance at 100,000, it could theoretically go much higher. Historically, this pattern has often triggered on other markets, so why not here?

The overall sentiment in the community is mixed, of course. Some are panicking, others are waiting for a surge. But looking at the technicals, the picture appears bullish. The main thing is to watch the volumes and trendline breakouts. They will be the key signals that the Livermore cylinder is truly transitioning into a vertical phase. It'll be interesting to see how this unfolds further.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin