Trendline gravitaty

The more i look at the chart , the more i see everything pointing to one target.

Usually when price hits a support, it tends to rebound to retest it later. When it hits trendlines, it tends tondo the same. When several lines come together you can be sure most traders will see at least one or several of these lines. This creates often a support where trend can reverse.

At thr same time, this point where all lines converge can work als a gravitational pull for the price, as anyone expects it to hit it. The more lines converge, the bigger the pull and expectancy to get there.

In my chart that price is 22,5k$ bitcoin.

Exhibits:
- its the 0,7 fibonaci retracement of the 2020 bull run.
- its the 200mma weekly wich has served as bottem of the bearmarket in 2 of the 3 past cycled.
- its where both the suport line, and the resistance line of this bear market converge.
- if we measure the pole of the bearflag and overlay it on the bearflag we get a target of 22,5k.
- its very close to the last cycle peak.
- its very close to the fair value / bottem regression band.

These are not just micro trends, these are each pritty big events on there own, with often high % chance of reversal.

Its impossible to pick the bottem, but impossible doesnt exist in my book. Even a ape gets it right sometimes.

22.500,00$ will be the bottem of the bearmarket, and we wiill hit it in august according to trendlines and macro, when the fed should be changing its interest rake hike position to neutral, summer is always crypto boring. . September we will lambo :-)

Nfa, dyor.