DHLawrence

BTC - Light Green Trace

DHLawrence Updated   
INDEX:BTCUSD   Bitcoin
Hello,

The movement illustrated by the light green trace immediately caught my eye this evening.

It feels as though the fear is building across the markets…

Game over, capitalism? Back to family farms?

Good Luck, God Speed, Love & Light to All!
Comment:
Hello!

With BTC looking bearish, i have begun working on the targets, based on established support / resistance vector mapping, and the likely level movement behavior we see in these patterns at various time frames.
the green dotted resistance vector is a strong candidate for "resistance turns to support". It also just so happened to exactly line up with the green forecast on the 4 hr, which started this discussion 2 months ago. that alwasy feels like some confirmation bias. BTC target 8400 anyone?
Comment:
and keep in mind that the red trace is still very viable... an extension of the green perhaps... It is fit to the entire upper level, and we can update its fit after the next major move, in order to get a better idea of how far a crash could go before finding the next level to test.

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