Looking on the Monthly Market maker cycle we are now in level 3 territory, a reversal or reset will be due after level 3 has been locked in. Where we can either see price tank to 0.00( if it is reversal) or hunt for liquidity in level 2's range and head to 100,000 and higher( if it is a reset). While i'm optimistic that BTC will reset and go to 100,000 and higher, It would be ignorant of me to overlook the other possibility.
Note
The last Pattern Chart I made was too crowded, this one is more simplified, best two setups to look for everyday. The Sell Patterns are the inverse of the Buy patterns.
Note
Looking at the weekly Cycle template, BTC is currently Bearish, One more level of drop due, before a reset or bull reversal.
Note
Seems they wont be giving level 3, 72,000 next target.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.