Quick post looking at how BTC has historically respected 'log trend lines and how they may affect BTC future price action.
Will be fun to see how this model holds up over cycle 4 and future BTC cycles (view on a computer and use the future price action tools to see what happened past todays post date).
Will be fun to see how this model holds up over cycle 4 and future BTC cycles (view on a computer and use the future price action tools to see what happened past todays post date).
Trade active
Quick update to the above* New line added (see BLUE line)
* Are we in for a ~30% drop from the mid December 2024 high?
Trade closed: target reached
Quick update to the above* BTC has bounce from our log trend line and done exactly what we have ask of the bulls to date (next coming weekly closes will be telling).
* Are we set to finish off this cycle with a 'proper' ATH? I have included some work in other post to show when this may land bases on other cycles and my own modeling etc.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.