Mr_Dyor

(XBT USD) 5.5k 6 year trend chart

Short
Mr_Dyor Updated   
KRAKEN:BTCUSD   Bitcoin
6-year trend cycle once the midpoint breaks after our next false break expects 6k area as a target. follow my related idea link if ur confused whats going on with the chart


not trading advice
Comment:
Comment:
Click on chart to follow an in-depth idea of this chart
Comment:
midline watch out for its bounce or break especially the break
Comment:
we are now approaching a heavy decision point
Comment:
my idea is still down but it has to fail the midpoint and create it as resistance time will tell be patient this is a choppy zone risk should be managed super tight if ur not already in a short.
Comment:
some fibs also going down
Comment:
0.618 heavy rejection zone 1.0 minor support see if that will become heavy support or if we dip and test 6xxx mid 1.236 zone
Comment:
Comment:
6k ur first zone will go deeper imo
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.