History always repeats — that’s what trading is about !Bitcoin all time history indexINDEX:BTCUSDKiu_CoinHello Traders 🐺 Welcome back to another idea. I think maybe you said to yourself that this idea could be a total madness :-) But here is the truth — and we have to be honest with ourselves. I know it sounds a little bit crazy to see a Skyfall from 96K all the way down to 34K, something around 60%! But we’ve had similar situations so many times before. Let me break it down for you, my friends 👇 As you can see on the Monthly timeframe, BTC is playing between two curves for almost its whole life. Yes — looks interesting, and I think we can use it as a very clear map to avoid greed and fear, and control our emotions during the time, especially if you are not a day trader. I think these two support and resistance curves are very valid because they formed on a high timeframe such as the monthly. So what else can we see here? If you pay closer attention to the chart, you’ll find that every time price hits the resistance line (the upper line of our curvy channel), that was the top of the bull market. But the interesting point here is: I am seeing a fractal pattern. Let me show you 🔍 If you go back to 21 November 2021 , you can see that price formed a double-top pattern, and the bear market officially started when price broke below the neckline of that double top. Now here is the same twist: We are very close to 21 November again :-) And price is currently trying to hold above the support line of the double top pattern. I think if we break below the neckline — which is around 75K — with a high degree of certainty, BTC would fall straight to the next most important support level, which is 32K. But why this level? As you can see, at this level we have 3 points of confluence: On the right-hand side of the chart, the Anchored VPVR shows a huge demand zone This zone aligns exactly with the 0.382 Fibonacci retracement level And the most interesting part: both areas perfectly match the support level of the curvy channel 📉 I think we must be honest in trading and always pay close attention to the warning signs. This time is no different. History will always repeat — and this is exactly what trading is about. I hope you enjoy this idea 🙌 Please drop your comments below so we can share our thoughts together. And as always remember: 🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺 🐺 KIU_COIN 🐺