BTC Macro Support
I thought this was interesting, in the past both bear markets formed a falling wedge , touched the support trend line of the pattern once, touched the 200 MA, also touched and stayed above the red logarithmic line other than the black swan event but it still kept above the line. In both cycles after these happened, a bull run occurred right after. It seems right now, we still haven't found support within the wedge, which has me thinking we might still go down during the month of june 2022 and possibly finding support around july 2022 or august 2022.
As well, the blue vertical lines shows when BTC picked up the most momentum right before it blast off to all time high.
As well, the blue vertical lines shows when BTC picked up the most momentum right before it blast off to all time high.
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