1yr+ BTC triple Fib analysis (multiple possibilities)
These drawings from a week ago seemed to be doing well so I'm reposting with a little more cleanup - pink uptrends are potential breakouts, with the most bullish breakout signified with white arrows which I think will result in ≥100k if it can manage to punch thru the triangle pennant zone up top. 8/22 is crucial fractal/fib/cyclical timing and if price is still stuck in thet 38/42/45k zone (rectangle) there may be a sharp up or down tick depending on what direction it takes that late in the year. Entering August under the resistance zone will probably mean a bear market /sub 60k all the way thru EOY and even mid 2023. Fundamentals and institutional investment would suggest this is unlikely though so price action was not explored much below the 38-45 zone. If prices remain between 40-50k thru summer we have the fib channel and mc cloud suggesting price convergence via an ascending wedge. I
t seems from a technical perspective that holding above 90k even by EOY could be challenging, however fundamentals could change all that, quite frankly BTC bull runs followed by total alt market bleedouts would be a welcome thing of the past so I think everyone wins one way or another regardless of 100k BTC.
If you manage to extract some value from my work here please dont hesitate to send a small tip to either of my addresses below, as the reason behind why I'm typing out a pseudo fictional narrative about the quantitative metrics of a non sentient digital technology to pair with a graph full of colorful lines and shapes that may or may not be relevant or useful at all is because I had a stupid defi protocol collateralize and basically tie up all my working capital when I wasn't looking. It will be a while before conditions an return things back to normal so in the meantime everything helps!
BTC:
bc1qj4mav4u80faxv68k5f6r9kk7jv559pwd6pq66f
ETH/MATIC/BSC/AVAX/FTM/ONE:
0xf73fa29a9faa677d14427510bcea7d1c18441a0a
t seems from a technical perspective that holding above 90k even by EOY could be challenging, however fundamentals could change all that, quite frankly BTC bull runs followed by total alt market bleedouts would be a welcome thing of the past so I think everyone wins one way or another regardless of 100k BTC.
If you manage to extract some value from my work here please dont hesitate to send a small tip to either of my addresses below, as the reason behind why I'm typing out a pseudo fictional narrative about the quantitative metrics of a non sentient digital technology to pair with a graph full of colorful lines and shapes that may or may not be relevant or useful at all is because I had a stupid defi protocol collateralize and basically tie up all my working capital when I wasn't looking. It will be a while before conditions an return things back to normal so in the meantime everything helps!
BTC:
bc1qj4mav4u80faxv68k5f6r9kk7jv559pwd6pq66f
ETH/MATIC/BSC/AVAX/FTM/ONE:
0xf73fa29a9faa677d14427510bcea7d1c18441a0a
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