The chart explores 3 possibilities of where we could be in the current crypto market cycle.
Case 1 & 2 point to a likely probability that there are still 2 more upward waves to come.
Case 3 explores the possibility that there is at least one more upward move remaining for the cycle. All cases demonstrate that it is highly unlikely that we are at a market top in this cycle.
A pretty scary chart if #CrudeOil bounces off the RS flip and executes a measured move to new ATH, we could see a period of macro hyper inflation setting in at around 2025 with a scramble to sustainable energy and EVMs.
S&P500 in support confluence for possible move to the upside and break of major resistance trend line, else break of support will lead to further downside.
#DOT short term LONG trade idea.
It appears a double botto has formed with imminent breakout from the range to push to a measured move into the next range.
Further detailed analysis indicates this as a major support level for #BTC with confluence by multiple support trend lines and imminent trigger thresholds on key indicators. #Crypto #BullMarket
Closer analysis and projections on the PiCycle and MACD indicate cross and bottoming out approx. 25 July 2022 respectively. Will be very surprised now if #BTC drops below...
