bitcoin fell down from the wedge approving a drop to formation of right shoulder around 6113 level,
as there is article about bitcoins community's, so called "men" (fucking pussys, who are hiding behind alter ego,). Attitude about women and tech, not to mention, that its still a huge - community problem (and you cant deny, that those, who are hiding behind those...
btc in rising wedge with a target at 6071 with accumulation zone forming a head and shoulder, continuing pattern to target 3401 and then the story continues with a relief hitting support at 4900 what would make a rising wedge for deep diving to see fishes and underwater creatures, like see horses, star fishes, bolb fishes, turtles, hitting the sinked ships pools...
bitcoin has established four year cycle - 1472 days, around 210 weeks
dividing this cycle leads us to - two year bear market and two year bull market
one type of market (bull or bear) lasts around 736 days, around 105 weeks
on April 1.st 2019 - a spike was caused by April fools joke (that's not good) what caused a brake out from "falling wedge, triangle" and now...
Good morning, good evening!
So I made this little update for previous analysis - add a view on cycles and some text edits.
Also - market on weekly basis, is overbought, according to stoch RSI.
Because - bitcoin is a TRADABLE store of value. Because - Bitcoin is becoming a greedy old bustard.
Because bitcoin has established a 4.year cycle.
If bitcoin would sky-rocket in some nearest news or announcements or anything that drives market. That would make him/her - Somehow private, bitcoin can be turned - in a simple tool to collect taxes without any...
