Looking on the Monthly Market maker cycle we are now in level 3 territory, a reversal or reset will be due after level 3 has been locked in. Where we can either see price tank to 0.00( if it is reversal) or hunt for liquidity in level 2's range and head to 100,000 and higher( if it is a reset). While i'm optimistic that BTC will reset and go to 100,000 and higher, It would be ignorant of me to overlook the other possibility.
Note
The last Pattern Chart I made was too crowded, this one is more simplified, best two setups to look for everyday. The Sell Patterns are the inverse of the Buy patterns.
Note
Looking at the weekly Cycle template, BTC is currently Bearish, One more level of drop due, before a reset or bull reversal.
Note
Seems they wont be giving level 3, 72,000 next target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.