7 year macro trend

By tor1n
تم تحديثه
this 7 year macro trend line is currently being tested as support once again , daily stochrsi bottomed out and RSI testing the 50 level. if the trend is your friend , then a 6 year trend is probably a good macro line to follow to see if it is still a sustained support level.
تعليق
Comment: getting over extended - market must attempt to find supported bottom , price increase unsustainable in short term. will check back in several months time ... not financial advice these are just my trading signals
تعليق
well my oh my this has aged well, missed a little at the top - but look what was avoided - patience is the best practice for investing - if entering back in , simply set stop loss accordingly in my opinion, downside risk is still here all the way to 23k , but we did take a lot off the top, and BTC cycles after havenings end in the winter not in the spring! mining hash rate dropping and other various economic factors are to be considered !

not financial advice just a guy with some crayons
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and we continue to wait :)
BTCUSDTrend Analysis

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