Auguraltrader

ATCryptoScan : BTCUSD A time to fall and a time to rise

Short
BITSTAMP:BTCUSD   Bitcoin
Just wanted to show something here... I do play around with timelines, and with BTCUSD, it is a little uncanny that more of these are followed. See example in chart for pretty much 2024, only one time in end March did it fail. Otherwise, there is a 7-14 day heads up on the imminent direction.

Uncanny.

So the point is that tomorrow should see the peak, and by mid-June (10 June as it states) should see the rebound. Thing is, the current top would be the major top, or at least the major slide down for this year.

Technicals are aligning to this scenario...
A yellow box of the range from March should be watched. Expecting at least a revisit of the support. and then a possible slice through(?)

Heads up... we also revisit in a few weeks to see outcome here.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.