This is a LOG chart which I adapt some idea of Angle,Velocity, and Cycle inspired by a bit of Gann. This means it is a just a very rough approximation. I do this just for fun and testing.
However, what we have learn from this is that BTC is waning in velocity between each cycle. Thus, we see a lesser angle between approx. cycle low.
The next possible pivot:
1.Yellow circle for moderate (approx. 40-50k)
2.Green circle for bullish (approx 80-100k) or Purple circle for bearish (approx. 15-20k)
This means it might be able to test the 40-50K and ATH, or going up and retest current support.
However, what we have learn from this is that BTC is waning in velocity between each cycle. Thus, we see a lesser angle between approx. cycle low.
The next possible pivot:
1.Yellow circle for moderate (approx. 40-50k)
2.Green circle for bullish (approx 80-100k) or Purple circle for bearish (approx. 15-20k)
This means it might be able to test the 40-50K and ATH, or going up and retest current support.
Kommentera:
Angle-lines are shifted when I published or when you zoom in/out so the line is not aligned properly.