📈 Deep contemplation: detecting late bear market echoes akin to '17/'20. 🐻 A Black Swan, maybe a tether crisis, could emerge from econ/geopolitics, setting the stage for bullish strides 🐂🚀. Add salt, stay primed! 🥂📉📈 #CryptoThoughts #btcusd
Moving Averages: - Using the 400D EMA as support, which was held during the June/July 2021 markdown. By held I mean that we have not closed below it on the weekly TF since March 2020. Patterns: - Markdown structure is almost identical to last year's at a slightly smaller scale. Bitcoin will recover when most of the retail traders will (at least...
I'm by no means an expert but I had a play around with date ranges to see if there are any repeating time intervals between markup and markdown phases. I have identified100 day markup and markdown phases which coincide with an older idea, which is not unique, that we're now in the 5th wave of a massive Elliot Wave spanning from the start of the bull run (which...
My projection for the next few weeks. I think it might revisit 35k-38k range before heading upwards again to 55k range and a possible local top. NFA I'm just a noob.
Measuring from All charted ATL to ATH 65k This Dump retraced to exactly 23.6% Fib Retracement
We're forming a massive falling wedge on the 4H.
This drop looks eerly familiar with April dump. Bars pattern from April overlaps quite well on the current trajectory. If this level doesn't hold we could expect a second drop before creating a new local bottom and possibly moving on upwards. Fundamentally I highly doubt Elon Musk and his financial team didn't do his homework regarding his bitcoin investment...