Bitcoin Cycle Continuation
Hi everyone!
It's been a while since I posted here. In the meantime the Cycle Pattern has filled.
As you can see, there's a lot of similarity in Past Cycles with the current ones, which I have marked.
In the past Days, the market developed a bearish Divergence on the Daily, meaning that the Market became weak.
I expect further drops in Bitcoin. Wouldn't be surprised if we are going to Retest Support around 8200.
This would also finish the Cycle as it did on 03.17. Let's see how this one plays out.
Good Trading!
G.M.
It's been a while since I posted here. In the meantime the Cycle Pattern has filled.
As you can see, there's a lot of similarity in Past Cycles with the current ones, which I have marked.
In the past Days, the market developed a bearish Divergence on the Daily, meaning that the Market became weak.
I expect further drops in Bitcoin. Wouldn't be surprised if we are going to Retest Support around 8200.
This would also finish the Cycle as it did on 03.17. Let's see how this one plays out.
Good Trading!
G.M.
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