Bitcoin's cycles update

By anibalsantaella

Updated

The cycle has changed its initial point.

Note

The price had a wee bounce in the middle point of the cycle

Note

The blue line has been being support and resistance for the last 10 months, is an intermediate line

Note

There is a lot of weakness in the price to recover. The current cycle could finish
around 23rd August (30-day cycle) or could extend for 20 days more
as it happened in the previous downward cycle (50-days cycle/ 12th September)

Note

This is a bar pattern copied
from the past downward cycle.
The price has dropped lots, maybe
a sideways trend before the next move.
The bar pattern fits in that sense.

Note

The blue line has been being support and resistance for the last 10 months, is an intermediate line. The blue line is resistance

Note

This is a bar pattern copied from the past downward cycle. The bar pattern fits well maybe a fractal.....
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Note

This is a bar pattern copied from the past downward cycle. The bar pattern fits well maybe a fractal.....

Note

A new has started on 23rd August

anibalsantaella

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