The ₿ull in me says we're in₿etween Hope and Optimism. The ₿ear in me says we're at Complacency. I haven't felt any Euphoria with ₿itcoin in a long time.
I copied Jan 2020 - Apr 2021 and overlapped it starting Jan 2023.. minus the Covid drop, I could see us following similar path but more drawn out.
Hopefully we see an end to all these weekly red candles today. This has played out very well the past 24 hours. Let's see what it'll do today
Descending Triangle on the 1hr?? 35k in the short term possibly if this plays out. Long term sub 29k
I copied the bar pattern from July to October... you make your own assumptions.
Maybe we test the 200 EMA around 49k or maybe we hold at 60k and spring? I'm neutral today.
It looks like we're getting close to Phase E! One more jump up, then a small pullback, then blast off?!?!?!
I haven't updated this in awhile but looks like we're on track for a major pull back in Phase D - SOS
Will we follow the same trend? I will update periodically.
Here is the updated chart today. Will we see a dump to initiate the spring or have we already seen the spring? Interesting nevertheless.
Just an updated view of our sideways action. Looks like I will need to redraw the accumulation phase as we are stuck between 32k - 36k. I still expect a dip soon which will start our rebound possibly. This chart will not change as I am curious to see how this plays out compared to the accumulation model.
I will continue to update this on a weekly basis