Maybe BTC is ending a supercycle wave 1
...If so it would look like sort of like this. This 'correction' is already looking quite impulsive which would indicate this is a to b. We may see a gigantic bull flag since wave 1 -> 2 typically makes a bull flag.
Important to know, if we rise above 25,200 before we make a new lower low this entire idea is invalidated.
I will also include a daily chart to help visualize the short-medium term
Check out this perfectly technical double top when you look for inflation. Take the chart and / m2 money supply from the federal reserve. This would imply that the bear market actually started in may of last year and actually did not see a higher high. This is very important because when you consider this, it does not invalidate the 1>2 on a cycle.
Important to know, if we rise above 25,200 before we make a new lower low this entire idea is invalidated.
I will also include a daily chart to help visualize the short-medium term
Check out this perfectly technical double top when you look for inflation. Take the chart and / m2 money supply from the federal reserve. This would imply that the bear market actually started in may of last year and actually did not see a higher high. This is very important because when you consider this, it does not invalidate the 1>2 on a cycle.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.