just saving this idea for my own reference in the future
the 100 week moving average will be very difficult to break through, and hard enough to reach with how far btc has moved below it. Will be very interesting to see how this plays out, and, if btc will ever test previous ATH
entering this with the expectation to shoot straight back up and past where we've just come from. Giving this room to breathe, so reduced position, and possibly could take days or more to play out, which is opposite to the scalps i've been taking lately
Really like this view of the Bitcoin price history.
Line represents the monthly time frame.
There are then two multiple time chart candles placed over the top; the quarterly, and the yearly.
There has only been one other red yearly candle in the history of Bitcoin .
Whilst this doesn't really show a fractal pattern, is the bottom slowly forming(?) or will...
Look at this chart...
Red was a mistake, retail were in a manic buying frenzy, the likes we will most likely not see again for a while (if ever again) for Bitcoin.
White looks like a more sensible outcome, which means the price still has a long way to drop...
For clout when I’m right
Feel the green box will be a bottom. Any lower and now public will probably start buying whole Bitcoins
More seriously, this area is based of a fixed range volume profile from the last time pa was in this area. Top and bottom of the box were hvn’s previously.