This is a visualisation on bitcoins next move.
As we see, we have formed 4 consecutive higher lows on a longer time span. Im positive this pattern will repeat again. U can see on my drawing, what I visualize will happen.
When we will hit a higher low, close end to september, a bearish sentiment is in, for hitting a new lower low. Putting bitcoin at a realistic support area of 5500 to 5400. Or maybe even slightly lower, the typical nature of bitcoin is to spike a lot lower or higher than expected.
Please let me hear your thoughts
Have a nice day Mr. Project :)
As we see, we have formed 4 consecutive higher lows on a longer time span. Im positive this pattern will repeat again. U can see on my drawing, what I visualize will happen.
When we will hit a higher low, close end to september, a bearish sentiment is in, for hitting a new lower low. Putting bitcoin at a realistic support area of 5500 to 5400. Or maybe even slightly lower, the typical nature of bitcoin is to spike a lot lower or higher than expected.
Please let me hear your thoughts
Have a nice day Mr. Project :)
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The 4 "higher lows" are ofc "lower highs".