A very basic and simple - yet very telling - monthly log chart with a superimposed S-curve alongside simple trendlines of support and resistance seems to indicate Bitcoin may be preparing to retrace to the $3,500 range before we see anymore blue skies. Stay alert, set your stops and make sure you're taking profits when you can! Don't forget to pay yourself! Happy trading - Happy Days
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Just would like to offer a quick update and a visual reference to anybody that mightve missed this when I posted it back in May ('22).
It still looks as if this will play out as expected so, I opened a short position today.
It still looks as if this will play out as expected so, I opened a short position today.