Bitcoin
Short

Fasten your seat belt, please.

Updated
Hello investors.
I repost and re-edit my chart multiple times to be updated.
Take this one as long-term based on daily time frame.
I think, crisis ain't done and the worst will come yet.
We can spot a lot of similarities with 2008, when
Bitcoin does not exist. It is on SP500 chart.
To make is simple I let bars pattern in chart as an example:
It would happen very soon, probably with start in this May ( traditional "Sell in May and go away" ).
Don't read news if wave is done.
This rally was suspicious from its beginning and only made Lehman formation.
I don't expect much upsides - to be clear.

I am just a passenger as you. So let's wait and see.
My belt is fasten already ;-)

With care always,
Emvo.
Note
Let's wait if the Diamond confirms top.

snapshot
Note
Diamond broke down and approaching 200 weekly MA. Break below will confirm further down trend especially.

snapshot
Note
200 weekly ( green line ) is holding. If some upside exists, it will be a new top around that red average ( 100weekly).
snapshot
Note
June should be sideways/bearish.
Note
Forming into orange triangle

snapshot
Note
There is some confirmation already at breakdown.
Not very profitable period for holding as appears to me :

snapshot
Note
Some space for return remains.
However I don' see much-less reasons for upside.

snapshot
Note
Not closed, but another lower low:

snapshot
Note
Retesting orange triangle. Weekly close was below:

snapshot
Note
Back into triangle:

snapshot
Note
If BTC get about red line high, it will invalidate this analysis:

snapshot
Note
Zoom out insight on Fibos:

snapshot
Note
Still just higher low, but will see :

snapshot
Note
If bull flat play out, 35k and new TA is possible :v

snapshot
Note
snapshot
Order cancelled
Note
Some of struggle below high still. Time will show :

snapshot
Note
I am curious how this ends :

snapshot
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternscrisiscryptoCryptocurrencyinvestrecessionsp500indexTrend AnalysisWave Analysis

Disclaimer