Bitcoin Price Contraction for the Next Six Months
In line with my previous shared ideas, I do believe that we are entering a stage of high level price contraction on Bitcoin. The first stage of it could be in the form of a quite drastic move to the downside. Time wise, it could be as quick as 30 days. If we see a MACD flip to red then that would confirm some variation of this chart for me.
I mostly expect major alts to hold up a bit better than Bitcoin itself.
I find this trendline quite interesting. I've made it more bold here so that you can see it. We could be close to a backtest on it.
I've also been tracking this AMZN fractal from 2000-2009. If we are following this then we could head to new lows now. This is not my primary because of the time spent in "B" being so short.
I mostly expect major alts to hold up a bit better than Bitcoin itself.
I find this trendline quite interesting. I've made it more bold here so that you can see it. We could be close to a backtest on it.
I've also been tracking this AMZN fractal from 2000-2009. If we are following this then we could head to new lows now. This is not my primary because of the time spent in "B" being so short.
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