Crypto-RyGuy

Crypto-RyGuy

so according to my analysis for our btc cycles! i used multiple time frames and drawing our cycle lines from multiple positions based upon ti cycling, btc halving, and supply and demand something big is supposed to happen on about july 20th. cant tell you what exactly but everything points between the 15th and 30th. so end of july may be a good indication of our...

Crypto-RyGuy

check previous chart for long term updates. one more pump and drop!?

Crypto-RyGuy

i think we are due for one more pump till our next breakdown

Crypto-RyGuy

lets see how strong lrc against btc price action! we have done a good job holding supports so far!

Crypto-RyGuy

flight path for nkn, if we see a bullish bounce from btc. if this bottom holds we may see a similar path as presented.

Crypto-RyGuy

end of summer or fall is btc time to shine?????/??

Crypto-RyGuy

so obvi this is just an idea but everything as far as indicators, ma avgs, cycles and what are previous bear markets have taught us we should start to see a turn around by aug or September. statistically speaking July is usually btc top month for gains, though i think Aug. will be are tell all for how 2023 will begin! this lines up nicely with our parallel channel...

Crypto-RyGuy

possible bullish scenario for a leg up. bearish case we test 21k and fall to a new support.

Crypto-RyGuy

BTC is notorious for following cycles just as the stock market and right now we are just finishing a very steep halving cycle. So we can assume price will start to recover after we continue to test this 20k support, a further drop is possible but i feel as 18k being our rock bottom. by summers end we will start to see some solid price bounces once things cool down a bit.

Crypto-RyGuy

either bottom or we find a new support, your guess is as good as mine!

Crypto-RyGuy

best case scenarios. comment down below how you feel btc will behave in the coming months. (i hope this is wrong!)

Crypto-RyGuy

so halving cycles are something that investors use to take profits to avoid there portfolio crashing when a bear market sets in. the good thing about btc is we have many whales and institutional investors that bought at 28-30k and have since moved there btc into cold storage or at least off a trading platform showing us that they intend to hodl for the long run....

Crypto-RyGuy

so i know the market is bleeding at the moment but we will see a support bottom form, possibly even a new support we have not seen since our 2020 bull run. most likely 18-20k will be a healthy support to rest on. sp500 and nas both saw a big pullback over the weekend, so btc is not alone. with this said the summer months will be our most likely best shot for a big...

Crypto-RyGuy

take off!!!!! i called our bottom a while back and now this pump wait and see!!

Crypto-RyGuy

short!! drop and pump or drop and fall! markets still very fearful.

Crypto-RyGuy

So everyone is comparing this trend to our last significant drop where we consolidated in the low 30k zone but had a support bottom of 28.3, though we are just slightly above this support, this down trend is nothing like the last. last time we saw a consolidation of price around 33-35k, whereas now we are seeing a consolidation lower than this. we know this...

Crypto-RyGuy

so yes, btc is struggling right now but it is holding up fairly well considered we are in a halving cycle, combined with the the current price action, ti's, and support indicators. im not worried about btc falling below 25k. basically, sccop your alts up while you can. good luck traders!

Crypto-RyGuy

I think sellers are getting exhausted. have a good feeling for the upcoming summer!