looking at bitcoin monthly chart, I see potential bullish cypher set up. The bottom channel trend line, is now acting like resistances against bitcoin, I anticipate a minimum retrace to B leg of the bearish cypher. From there look for price action to continue to correct in downward trend towards D leg of the bullish Cypher, a scam wick can have it touch 4k.. Looking to go long near D leg of Bitcoin on the monthly chart
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looks like one big reverse triangle (ABCD) pattern Note
that would be beautiful. Similar to TLT 20yr treasury as wellNote
my 20yr TLT etf (my retirement plan, slow and steady rich plan) looks very much like btcusd on the monthly chart
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using a pitchfork combine w/ wave analysis.. The Technical analysis looks like my oil chart, which I have going to minimum $70Note
likely playout throughout the whole entire year, not a quick drop down
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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.