looking at bitcoin monthly chart, I see potential bullish cypher set up. The bottom channel trend line, is now acting like resistances against bitcoin, I anticipate a minimum retrace to B leg of the bearish cypher. From there look for price action to continue to correct in downward trend towards D leg of the bullish Cypher, a scam wick can have it touch 4k.. Looking to go long near D leg of Bitcoin on the monthly chart
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looks like one big reverse triangle (ABCD) pattern
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that would be beautiful. Similar to TLT 20yr treasury as well
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my 20yr TLT etf (my retirement plan, slow and steady rich plan) looks very much like btcusd on the monthly chart
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using a pitchfork combine w/ wave analysis.. The Technical analysis looks like my oil chart, which I have going to minimum $70
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likely playout throughout the whole entire year, not a quick drop down
geezus. If this happens, it would be the first time we see BTC retrace to a price level seen before. At that point, I'd probably sell my almost everything I had and eat ramen for 2 years lol. I mean we really need to confirm recession and witness one of the biggest sell off in all the markets, including crypto.
Roger_one
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It is very possible and could consolidate around 10k for couple of years before moving up breaking ath
TORNADOF5
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i hope shop /and coin the dump then LoL
Roger_one
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Hi bro ... your chart oil chart is annoying, not the tech analysis but they way you posted just under btc chart. Can you please post it separately I can't even read it . Please
TradingShot
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Always like your analyses. Perhaps you like our latest too:
moneyflow_trader
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@TradingShot, made an update see the chart I just posted with the pitchforks