You know it has to happen - Apart from the obvious Gravestone Doji we have a perfect trend line hit from the 20k top thru the 69k top and clipping us off here at 108k - We're going to bounce on the way down but Gann scaling and Fibs put the bottom around 33k in spring to summer 2026 - Good luck peoples - Happy Xmas :)
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Its possible that the next phase can play out like this - No big fast drops for some time yet, but what appears like indecisive direction that doesn't go far either way - A frustrating time for traders looking for the macro moves Trade closed: target reached
Zooming in we can see that any semblance of an uptrend has been lost, only horizontal support remains and at the top of a large movement that simply isnt enough Note
a few minutes after the last note and over $1000 down later Note
A start of the year pump took the price thru to the 5th arc arc before being rejected Note
Double Gravestone Dojis - I'm not actually a Doji expert but that doesn't sound good :PNote
Note
Next cycle? Note
Price has rallied after dropping to 89k - Resistance against the underside of the 1x2 fib ray 
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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.