stormtroopin

stormtroopin

Charting the cycle path with a 2020 fractal that's already broken but still useful to see scenarios. The upper curve is also already broken above although that candle could close as a wick above the curve. If it remains above, I really see nothing but daylight between it and the 1.618 fib extension or upper limit of the diminishing return total trend line (blue)....

stormtroopin

We've been in a descending wedge since the June '22 dump. The last time BTC made a shape like this in the May '21 dump it reversed course to make a new ATH. I don't think it's likely to happen this time, being squeezed beneath support and the 20 day moving average. Incoming CPI numbers tomorrow, midterm elections finished today (stragglers being counted tomorrow...

stormtroopin

There are definitely some repeating fractals, we'll see if the midterms drop the hammer on everything and the next 50 weeks or so look like the red path. In either scenario (real life tends to be some sort of compromise between two extremes) we're going to stay friendly with high volatility TVC:VIX

stormtroopin Updated 

Just taking simple trend lines and plotting likely path between common TA shapes

stormtroopin

just ideas