BTC Weekly Time Cycles

This is a weekly chart highlighting reoccuring cycles based on past trends.

These are simply points in time to look for reversals or distribution and re accumulantion for continuation.

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BTC at pivitol point where either rips or likely dips to 60-61k

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Price is currently making a "potential" higher low after reaching the 60-61k area. IF it holds the green momentum curve should serve as dynamic support as price pushes higher to the next target in the 78-80k area. With that said btc is in a macro top area, the top may be in already, and is forming a head and shoulders pattern. These are all top signals but until the trend breaks or there is a brake of structure it is still to the long side

Kommentar:

Hoping to squeeze one or two more major rips out of this thing before a major correction. With that said it is distribution territory making a reversal or at least hard moves to the down side that may be abosorbed but still very sizable.