dimuthj

BTC/USD - 1M - Potential cycle top scenario

Long
dimuthj Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
Duplicated a single blue curve trend line a few times on the monthly, to create this messy chart!

'BTC Log Growth Curve' indicator top (red band), meets my blue curve tops/collisions. This can also be seen during previous market tops on this same chart (assuming the blue curves are legit).

BTC cycle top looking to be around $152K. Blimey.


Bull flag.
White channel (flag) measured move already played out.
Yellow pole's measured move taps the $97K area.


Red box showing best case sell zone.

Green box showing worst case retrace zone, which also taps the 21EMA.

December still looking like go-time.

Commento:
"Worst case retrace zone" tapped. Let's hope it holds.
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