BTC - A Tale of a Ten Year Old Support Trend Line
Lads please pay attention! This 10 year old support trendline turned into a resistance in November 2022. Approach with extreme care! But bare in mind that this is crypto and it could get blasted through with vengeance.
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Entering another short @ 23,195 was a great move :D
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Resistance still resisting :D
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Would u long this? MACD still going strong!
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10 year support trendline now acting as resistance was a bit misaligned, I've corrected it and guess what? next two week will be pretty interesting. Also it looks like the chart is lining up for what I think is a weekly/monthly bullish diversion before the next bull run.
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Just tried the Time Zone Based Fibonacci Retracement... Boy look at the accuracy of this tool, this confirms my wave count, 2021 was indeed the end of a 10 year cycle confirming the top of wave 5. Now this might sound crazy... :D Retracements of wave 5 always hits Fib levels 0.236 and could even hit fib level 0.382 u do the math :D I pitty Michael Saylor.
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TA enables time travel ;D... Mind the gap, I mean the CME gap!
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Time travelled, bottom $11111 - $7575, next bull run's top $270,000 - $320,000, bottom $69,000 - $49,0000.
