BTC Weekly Time Cycles
This is a weekly chart highlighting reoccuring cycles based on past trends.
These are simply points in time to look for reversals or distribution and re accumulantion for continuation.
These are simply points in time to look for reversals or distribution and re accumulantion for continuation.
Comment:
BTC at pivitol point where either rips or likely dips to 60-61k
Comment:
Comment:
Price is currently making a "potential" higher low after reaching the 60-61k area. IF it holds the green momentum curve should serve as dynamic support as price pushes higher to the next target in the 78-80k area. With that said btc is in a macro top area, the top may be in already, and is forming a head and shoulders pattern. These are all top signals but until the trend breaks or there is a brake of structure it is still to the long side
Comment:
Hoping to squeeze one or two more major rips out of this thing before a major correction. With that said it is distribution territory making a reversal or at least hard moves to the down side that may be abosorbed but still very sizable.
