BTC Big Picture Update: Where from here?
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Very simply analysis so "apologies" for not having a million confusing channels and worthless trendlines, I will try better in my next analysis.
Non-log scale. Sold off right at the trend line, like magic (...computer based magic... of course).
Question is, where do we go from here. In my opinion, we bust out of this trend line within the next couple of weeks, if not sooner. We have been in this pattern since 2017 bull top. It is time we break this thing. Then, everyone will scream how bullish we are. Halving will come, and we will sell off before or after and back test the triangle, and maybe go flat during summer, most likely creating new, boring patterns. Bears will be bears, bulls will accumulate, and the fall we will rise.
Best of luck trading. Don't let people talk you out of BTC positions. Long term picture still looks amazing.
Non-log scale. Sold off right at the trend line, like magic (...computer based magic... of course).
Question is, where do we go from here. In my opinion, we bust out of this trend line within the next couple of weeks, if not sooner. We have been in this pattern since 2017 bull top. It is time we break this thing. Then, everyone will scream how bullish we are. Halving will come, and we will sell off before or after and back test the triangle, and maybe go flat during summer, most likely creating new, boring patterns. Bears will be bears, bulls will accumulate, and the fall we will rise.
Best of luck trading. Don't let people talk you out of BTC positions. Long term picture still looks amazing.
Nota
See new idea. I do see $10,500 as a logical place to top and consolidate closer to 7k before final pump into bull run.
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