BTC finding support on SOW in A and 0.382 which both were resistance on the way down - see highlighted areas, also correction found support on the 4H20MA and this is a clean uptrend.
May consolidate here a while or move up or some shenanigans who knows really it is slippery BTC but looks very likely that once way or another it will hit that all important imo 0.618 fib @ 52K and perhaps push on to 0.75 @ 57K.
I am trying to keep a more open mind not to underestimate the potential complexity of BTC going forward that this could be another ATH tester to make a much more complex correction and a triple top is not at all out of the question and would also indicate a much longer correction that would be in line with my supercycle count that could see a bear market into late 2023.
All said and done I dont think the mid term really affects my long term analysis from exactly a year ago now that BTC will see 20K again.
Would be nice to see comments long or short with a bit more substance than "lol sure" or whatever especially if you actually make charts. If you have something to say to disagree back it up with something or else you're talking breeze.
Not advice.
May consolidate here a while or move up or some shenanigans who knows really it is slippery BTC but looks very likely that once way or another it will hit that all important imo 0.618 fib @ 52K and perhaps push on to 0.75 @ 57K.
I am trying to keep a more open mind not to underestimate the potential complexity of BTC going forward that this could be another ATH tester to make a much more complex correction and a triple top is not at all out of the question and would also indicate a much longer correction that would be in line with my supercycle count that could see a bear market into late 2023.
All said and done I dont think the mid term really affects my long term analysis from exactly a year ago now that BTC will see 20K again.
Would be nice to see comments long or short with a bit more substance than "lol sure" or whatever especially if you actually make charts. If you have something to say to disagree back it up with something or else you're talking breeze.
Not advice.
Comment:
Onchain analysts welcome to give their view. I would imagine we are in agreement at least for now.
Comment:
BTC probing SOW in A and could well just be finding support and that is fine for the trne but If itfalls back to the "fakeout low" support then that is obviously weak and I think only a simple retracement back to fibs would be on thecards.
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