Bitcoin's multitimeframe, top-down monthly analysis/outlook

I see all those charts about bitcoin, people saying it'll go up, others say it'll go down. I'm sharing my views on every timeframe, starting from the Monthly, going down to the 1H chart.

MONTHLY CHART

Not so much of a chart to analyse, but we have some data that can be analysed.

> 1 : There are significant rejection candles at the whole area between 14000 and 20000.

> 2 : There are no significant rejection candles at the bottom of this chart, so there is no significant support created yet.

What we can do with this data:

-Suggest that price is still heading lower, until it creates a solid bottom.
-If price creates a bottom, it's trading within within a range for a while. Why? Because the sell off from the highs is way to steap to still call it an uptrend (in my eyes).
-So if it continues up, it first needs to break the 20000 alll time highs barrier, which is not that easy because of the big area of rejection.

WEEKLY CHART

> 1 : Nice round number as a potential breakout level; 10000.

> 2 : Looks like price kind of tries to find a bottom, first rejections visible.

What we can do with this data:

-Say that price is, at the moment on this timeframe, slightly more likely to continue bullish because of the early signs of a bottom found.
-Also, momentum down is not as impulsive anymore
-Because price did not find a bottom (yet), it is REALLY likely to test the support at least one more time to confirm the movements.

DAILY CHART

Not so much of a change compared to the weekly chart, some more data, some more visible rejection candles around the support areas, and some more confirmed pennant touching points.

View on this timeframe stays the same as on the weekly chart, but slightly more bullish because of the more visible rejections on the support.

4H CHART
Showing a lot of price indecision; price just playing pingpong between levels, but soon getting to a level where it should decide a direction:

- Test the trendline and highs of this little structure and continue going up, or;
- Respect the trendline and highs of this little structure and drop off to potentially test the longer term support again.

1H CHART
Again, kind of the same structure as on the 4H chart, but a little bit more data. Difficult one, if I have to choose a direction, up or down, I would say down because price rejected already once when it had a chance to break up at the 3rd of June. So view on this: Mostly neutral, with a negative tone.


I hope you like the way I analyse this, Please give me some feedback, would really appreciate that.