Scenario where we break down and see a potential ranging area that if it played out like this could take quite some time before making a major move out of it.
I'm still bearish short to medium term and hopeful for a long term BTC bull run some time in the next 18-24 months. Swing trading in the interim with extreme caution.
I am probably wrong. do not trade on...
Not predictive TA.
Mainly just a journal of my observations of origin of trend/cycle and momentum, pitchfork levels, fib levels, and where they appear to be meeting up.
55EMA (D) also seems to be a definitive rejection point in some areas of the cycle.
Median line (ML) of the Pitchfork (Pfk) seems to be a recurrent pricing theme.
Take of it what you will.
Pure speculation here based on select bar patterns and pitchfork that sees a lot of confluence in support, resistance, and speed of cycles.
Theoretical picture of what it looked like if it forms the big C&H, and heads upward. In this scenario, the bull run looks delayed by a couple of months against what people are generally saying about the end of the year,...