Begins in May, and ends in December, every four years... what is it?
just for fun... but not so crazy: fakeouts belong to BTC.
Retrace to 1.618 level, bull after bull. And also, somehow, the next ATH: x40, x20, x10 (?) ... divide 2, like the halving itself :-D
I was for a longer wyckoff accumulation, some weeks more, but at a closer look it seems to me that the shorter version is possible
Bearish idea: 20k —> 3k, then retracement to 78.6% —> 23.6% —> 78.6% again, which is a double-top, then down to the blue dynamic support, which supported price when it was around 3k.
Without any competence about parabolic growth, charting and so on... just for fun.
StochRSI reached the bottom, RSI crossed 50 downward, MacD crossed bearish, very-long-time TrendLine broken twice... BTC has some months of slow decrease (maybe to the 6k), ahead.
I believe in Art, it could be Contemporary Art, ASCII Art or Charting Art... and I like colors :-)
Trend Line and Ichimoku can ward off lisk. If not, 2.5 risk/reward. Buy at 32 / TP at 38.5 / SL 29.50