timul20

timul20

Obviously all these macro trend analyses we see on TV contain a great deal of arbitrariness and this one is no different. However I noticed that the macro top distance between 19th December and 20th January was 20 days in length. We then took 45 days between 20th January and the next top on 22nd February. Then it took another 20 days to reach the next top on...

timul20

Possibly.

timul20 Updated 

This is my guess for the next consolidation cycle.

timul20

So, I'm going to describe a bull scenario. You'll see the two ascending accumulation channels on the chart; the first in 2017, 20th March to 13th November and the second, which began on 16th March 2020. The chart shows the key levels of resistance and then the point at which point I envisage bitcoin entering a true parabolic arc at around 17,300 to 17,700, on...

timul20

we will see in one more week whether bitcoin above or below the red line. Either way I expect a fairly large break. Obvious indicators favour down but I'll be taking a punt on up.

timul20

Just lines on a page, major trends, resistance and support as I see them on the weekly

timul20 Updated 

Thank you for reading this BTC/USD analysis. BTC is now clearly established in an obvious bear channel and we appear to be leaving the distribution phase and entering true capitulation and decline. Many traders have been calling an 8k bottom but I can't see this myself. The next solid support appears to be between 6k and 7.5k. I expect us to hit this level mid...