7 year macro trend

Updated

this 7 year macro trend line is currently being tested as support once again , daily stochrsi bottomed out and RSI testing the 50 level. if the trend is your friend , then a 6 year trend is probably a good macro line to follow to see if it is still a sustained support level.

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Comment: getting over extended - market must attempt to find supported bottom , price increase unsustainable in short term. will check back in several months time ... not financial advice these are just my trading signals

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well my oh my this has aged well, missed a little at the top - but look what was avoided - patience is the best practice for investing - if entering back in , simply set stop loss accordingly in my opinion, downside risk is still here all the way to 23k , but we did take a lot off the top, and BTC cycles after havenings end in the winter not in the spring! mining hash rate dropping and other various economic factors are to be considered !

not financial advice just a guy with some crayons

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and we continue to wait :)

tor1n

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