BTC 2018|2020 Macrotrend

By BloomTrader

Updated

For reference purposes, no trading advice

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projection

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grid origin

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*will update later ;)

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Strange, hit the 75 week MA hours after publishing, don't see it holding for long though

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The diagonal grid did not draw as intended, copying it from another chart from another exchange skewed the coordinates of the grid drawing. Whoops, will correct it later.

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The faith of the market now lies in the hands of some powerful people, they will either push the market over the edge to short term capitulation gain, or short squeeze everybody. It's a coin flip

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This is still a work in progress, but I think it's clear... a critical juncture.

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capitulation stage could be imminent

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Market regained composure, back above 6300, that was close

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If the price can climb back above -$6330- and confirm it as support would be a -short-term- bullish signal, it could be the start of new run to an intermediate peak.

It coincides with an apex in the amount of shorts.

BloomTrader

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