The Grand Inquisitor & Kenobi!

I do believe that the trend line we are currently on, eventually will break, but when? We are currently testing it with this drop in June of 2022. In my opinion if we break this trend line in the near future (RED) then we will obviously drop much lower possibly even breaking 10k. If not, I see either a retracement (BLUE) then dump and go lower. Or, hit new highs and the eventual break it in the ensuing bear market afterwards (YELLOW) that restarts the cycle over.

So the question of the Grand Inquisitor is... Where Is Kenobi on this timeline?
Be careful, Kenobi is clever.


Let me know what you think down below.

This chart is just for fun with long term outlook. It is not financial advice.

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Well, Well, look at what we have here. Just like in January of 2015, Bitcoin breached the uptrend (Blue line) line it had established 5 years back in 2017. The last time this similar move (breach) of the uptrend (red line) was way back in January of 2015. The next time Bitcoin met this red line was in December 2017/ January 2018, as resistance and the enviable top. Conclusion so far... Bitcoin should never cross the blue line ever again. In fact if history repeats, there should be a rally fairly shortly that meets this line as resistance and gets a rejection from it. It should then be meet as resistance once more at the eventual top at some point in 2025 most likely.

Thanks for looking
WeAreSat0shi

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Kenobi is has crossed the line just like in 2015. So the blue and yellow lines above the blue trend line void. So just like in 2015 I would expect side ways action with some price moves to 23,8k up to 25k until June and then a possible move to 34 -35k to be followed very quickly after. Let's stack, chill and watch it.

Comment:

WE found Kenobi