I've overlayed the September 2024 low to our ATH and overlayed that on the most recent low.
So far the alignment has been spot on, but shows we could have a rejection off of a downward trendline from our most recent high.
The lower upward trendline is tracking with the local highs and local lows. I've terminated both downward and upward as a key point to determine whether or not we've seen our cycle high. But so far this test of the downward trendline looks promising.
I also have the 200 Day SMA that has so far held as support for Bitcoin. A pullback/confirmation of our 200D break-out at 85k would be ideal.
Please do your own research. None of this is intended to be financial advice. FWIW, I like high risk assets but I have most of my profit 'bag' in money market, with a slightly smaller position in Bitcoin, and a much smaller position in Ethereum.
So far the alignment has been spot on, but shows we could have a rejection off of a downward trendline from our most recent high.
The lower upward trendline is tracking with the local highs and local lows. I've terminated both downward and upward as a key point to determine whether or not we've seen our cycle high. But so far this test of the downward trendline looks promising.
I also have the 200 Day SMA that has so far held as support for Bitcoin. A pullback/confirmation of our 200D break-out at 85k would be ideal.
Please do your own research. None of this is intended to be financial advice. FWIW, I like high risk assets but I have most of my profit 'bag' in money market, with a slightly smaller position in Bitcoin, and a much smaller position in Ethereum.
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