Bitcoin on the weekly line chart shows promise at 37,300$ soon
I just posted a bearish gartley showing I think the .236 will hold as support at 37,300$ in a week or two. I think near october 4th. This is another lense to look at the market through.
Weekly trendlines on the line chart are one of the strongest trendlines to draw. I just posted a bearish gartley saying I think that the .236 at 37,300$ would hold as support. Look at this trendline from back at march 2020. This is a MAJOR support line. Of course it could crash through it and just shove it up my rear on this one. I do think that it adds credence to my bearish gartley theory.
I think 37,300$ holds as support some time in the next 2 weeks. I think we run up to a minimum of 56,800.
If it goes over 57k... I'll consider the bull market ON and anticipate new alltime highs some time at the end of this year.
If it rejects at 56,800$...
I think the bull market is over and i think we begin a multi year bear market.
Or if it crashes through 37,300$ in the next two weeks... it's just over right now.
If you can't tell... it's getting very hairy for bitcoin. This weekly linechart line is the line to be watching.
Weekly trendlines on the line chart are one of the strongest trendlines to draw. I just posted a bearish gartley saying I think that the .236 at 37,300$ would hold as support. Look at this trendline from back at march 2020. This is a MAJOR support line. Of course it could crash through it and just shove it up my rear on this one. I do think that it adds credence to my bearish gartley theory.
I think 37,300$ holds as support some time in the next 2 weeks. I think we run up to a minimum of 56,800.
If it goes over 57k... I'll consider the bull market ON and anticipate new alltime highs some time at the end of this year.
If it rejects at 56,800$...
I think the bull market is over and i think we begin a multi year bear market.
Or if it crashes through 37,300$ in the next two weeks... it's just over right now.
If you can't tell... it's getting very hairy for bitcoin. This weekly linechart line is the line to be watching.