SIDEWAYS now (upsetting) - LONG in 2022 to $500k! For real.
Ugh.
So, I'm biased bullish on BTC. Short and Long-Term. So charting this out has been a bit upsetting.
Apologies for the spider web, but I've tried to include major trendlines on this chart that I saw as pertinent as well as highlight clearly the latest RSI trend and support and resistance there. And then I was curious and threw in some Fibonacci Time Zones ... they lined up crazily, so they stayed too.
I've captured most my notes in the chart, but last comment: I've found that the price seems magnetically drawn to points where multiple macro trendlines converge. So that thought seems to bolster further the fib time zones callouts of the potential bottom and top coming in our futures.
Again. I hated what this analysis resulted in. My bias is strong. However, the chart is the chart. We'll see how well it holds. Thanks.
So, I'm biased bullish on BTC. Short and Long-Term. So charting this out has been a bit upsetting.
Apologies for the spider web, but I've tried to include major trendlines on this chart that I saw as pertinent as well as highlight clearly the latest RSI trend and support and resistance there. And then I was curious and threw in some Fibonacci Time Zones ... they lined up crazily, so they stayed too.
I've captured most my notes in the chart, but last comment: I've found that the price seems magnetically drawn to points where multiple macro trendlines converge. So that thought seems to bolster further the fib time zones callouts of the potential bottom and top coming in our futures.
Again. I hated what this analysis resulted in. My bias is strong. However, the chart is the chart. We'll see how well it holds. Thanks.
Commentaire:
Also - apologies on the bleeding and cut off text. Still reads ok... just looks stupid.
$500k !!! August of 2020!!!
Now THAT at least goes with my bias ;-)