If you want more analysis and better set up/education : I just opened my trading group and if you want to follow more in detail and be part of my work day, you can join on a monthly basis. If you are interested private or telegram @ M0byy
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Hi i wanna speak about this analysis ! its not mine i have my personal analisis long way ago ! you can check it here
my analysis
other analisis -
Ok that said lets see this analisis that makes perfect sense with my targets and other analisis i made around summer , yes summer! hahaha :))
So what we do here is draw a trendline using BLX chart from the botton of bitcoin and we noticie once the bear markets start we start failing and finally we broke that trendline , and this happened 3 times on this 3 giant cycles! Once that trendline broke down we found a botton and support on 50ma ! re acumulattion and stock up to a new phase , new bull market.
we are currently on a symetrical triangle a probs are 85-90% for breakdown , i bet we will find support on 30ma monthly basis around 4965 and then bounce back up to the triangle , but then more downside , yes more downside!
Hope you like this little comment and a new different vision using BLX