How i see start point for new bullish cycle

Updated

btc

Note

chart still valid

i am bear until 4200 - 4600$ level, which is for me main reverse level, where the market can change main direction with high probability.

but right now im giving

60% chance that bulls win this round, and we are looking for aprox. 10100$ reverse level in my point of view
40% chance that bears win this round, and we are looking for aprox. 4200$ reverse level - final touch

Note

chart still valid. looking for test resistance at zone approx 10200.

Note

looking for 4800usd support level

Trade closed: target reached

looking for short accumulation between 7200 - 8000 before we discover moons levels or more probably slow bloody downhill to 5500 level. My resistance and support line will cross on the second half of october, until then btc is set to "boring" mode

Note

Hit the main cross, just in time. Personally, i'm more pessimistic and in short possition till 6500usd. The reason why BTC need to check lower values, is in my opinion, the disproportion between usability of BTC in the day-to-day use (which is totally invisible for ordinary people outside of BTC) and BTC the stock price (which, on the other hand, only takes into account the BTC mining costs). BTC need check low values as a cat rubbing.

Now we are at the main crossroads of my graph and the road leads in both directions, let's see which path the btc chooses.

Good luck with your choice! And sorry for my english.

fluorforest

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