BTC - A Tale of a Ten Year Old Support Trend Line
Updated
Lads please pay attention! This 10 year old support trendline turned into a resistance in November 2022. Approach with extreme care! But bare in mind that this is crypto and it could get blasted through with vengeance.
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Entering another short @ 23,195 was a great move :DNote
Resistance still resisting :DNote
Would u long this? MACD still going strong!Note
10 year support trendline now acting as resistance was a bit misaligned, I've corrected it and guess what? next two week will be pretty interesting. Also it looks like the chart is lining up for what I think is a weekly/monthly bullish diversion before the next bull run.Note
Just tried the Time Zone Based Fibonacci Retracement... Boy look at the accuracy of this tool, this confirms my wave count, 2021 was indeed the end of a 10 year cycle confirming the top of wave 5. Now this might sound crazy... :D Retracements of wave 5 always hits Fib levels 0.236 and could even hit fib level 0.382 u do the math :D I pitty Michael Saylor.Note
TA enables time travel ;D... Mind the gap, I mean the CME gap!Note
Time travelled, bottom $11111 - $7575, next bull run's top $270,000 - $320,000, bottom $69,000 - $49,0000.
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