BTCUSD - Multi-Cycle Main Trendlines Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jul 18, 2022 1:12 PM

Bottom is top and top is bottom?

Observations from the BTCUSD monthly chart

+ Decreasing angles of long term upward trendlines shows diminishing returns.
+ Price crossing down through current cycle's upward trendline indicates current cycle is ending.
+ Previous cycle's upward trendline becomes next cycle's top.

What have I missed? Comments down below. Thanks.

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