I put together this analysis 4 months ago and adding recent data seems to holding for now.
Not going to say too much about this one as there are a lot of if's and buts. Generally attempting to paint a broader picture of a diminishing market sentiment that could take several months to play setting up for the next halving.
BTC may revisit lower levels yet, but...
From a completely speculative point of view and with incomplete data I thought it was interesting finding this potential setup for a mid year trend reversal. The current Macro environment is a little sketchy but a short term recovery bounce may change things and set up a proper bullish pattern.
From the July 2021 recovery (after the May crash) it concluded a path...
I observed the last ATH break out in 2020 after over 30 days of consolidation. This looks very similar. Constant gravitation around 65k not showing a great deal of weakness and whales will finally let this thing ride after attempting to destroy longs pre-emptively resetting positions.
Previous fun prediction showed an end of September breakout which has now been confirmed. Volatility and Fud has caused support lines to be invalidated but general 100 SMA bounce has held intact.
Right now looking for an early November bullish breakout. Top resistance line has formed that joins back at the top of May with 50k Being the pull back point. One more...
Its no surprise that BTC has come along way recovering from may, but the bears have not had their extended play. This properly needs to play out so the bullish incentive can recover and attempt ATH. Roughly end of September this wedge could play out and find support off the daily 100MA. This could reset a bullish trend and allow proper momentum to break 53k and...
Its no secret that the bears have been in control over the last 4 weeks. Any chance of a downswing has accrued massive bearish shorts followed by unsustainable upswings and volatility . Rinse and repeat.
For the mood to change there has to be consolidation and time. Ever since testing the 30k range for the 5th time something seems different. We are losing...
Continuing from my past analysis here
We have seen some nice volume flow in the last day and currently we've hit resistance at 7.2k(which mirrors the high from the 13th). My original support set was loosely defined but nonetheless created a double bottom and eventually punched through the top trend line that BTC has been respecting for the past few weeks. This...
First post so be kind :)
I found a potential descending wedge pattern that has found support just under the breakout of 7k on the 6th of april which could see a retest of 7.4k again followed by sideways movement similar to the previous 2 weeks trying the break 7k. Bears will take any chance they get in a fearful market, but originally breaking 7k was a start. ...
