Another wick up testing 6k before coming down in the short term (Auto Fibbs and Ganns provided by ML)
A chart I made months ago when I was trying to keep it simple.
I've gone back to much simpler (than usual) charting for the higher time frames - the bottom is in line with the midway point of the current miners production cost. We all know BTC likes to zig and zag as well as repeating the same patterns over again. I believe we are in for more downside until we find the bottom around the production cost midway point of 5.5k...