As we are seeing that every cycle is getting longer. This could be a much more extended cycle as popularly expected. Hence I try to predict what an extended cycle may look like.
BTC has formed a nice iHS pattern indicating a local bottom and is scratching the trend-line. Due to the iHS behind us I expect it to move to the next level.
The down trend intersects with the local bottom on the 26th of Mai. I am hoping for a breakout upwards.
Still bullish as long as its in the channel.
BTC is overall still bullish.
Break out till the end of this month!
Next resistance at 1.4x-1.5x. After that clear skies!
Trend line since Feb intersecting with a strong resistance. Break expected.
Overall market is bullish, hence a bullish continuation is expected after this correction.
In for some sideways range bound movements.
Next target 0.22-0.23