Btc support will test the channel’s accuracy if green line support breaks down!
i called the drop back in may and april, now im calling our bull run
end of summer or fall is btc time to shine?????/??
so will see how the market takes this side way movement we have seen over the past week. if we can break the demand zone retest and break that resistance line we can assume bulls maintained control of price action.
Will we get rejected by our bearish downward trend line? Or breakout and retest!?
btc is testing some resistance that has been shown over the past few weeks, with that said this can be a big factor if broken.
so according to my analysis for our btc cycles! i used multiple time frames and drawing our cycle lines from multiple positions based upon ti cycling, btc halving, and supply and demand something big is supposed to happen on about july 20th. cant tell you what exactly but everything points between the 15th and 30th. so end of july may be a good indication of our...
easy reverse set up, lets see if storj can pump like we have seen over the past weeks
check previous chart for long term updates. one more pump and drop!?
lets see how strong lrc against btc price action! we have done a good job holding supports so far!
flight path for nkn, if we see a bullish bounce from btc. if this bottom holds we may see a similar path as presented.
so obvi this is just an idea but everything as far as indicators, ma avgs, cycles and what are previous bear markets have taught us we should start to see a turn around by aug or September. statistically speaking July is usually btc top month for gains, though i think Aug. will be are tell all for how 2023 will begin! this lines up nicely with our parallel channel...
possible bullish scenario for a leg up. bearish case we test 21k and fall to a new support.
BTC is notorious for following cycles just as the stock market and right now we are just finishing a very steep halving cycle. So we can assume price will start to recover after we continue to test this 20k support, a further drop is possible but i feel as 18k being our rock bottom. by summers end we will start to see some solid price bounces once things cool down a bit.
either bottom or we find a new support, your guess is as good as mine!
best case scenarios. comment down below how you feel btc will behave in the coming months. (i hope this is wrong!)