Bitcoin Bearish into Sept ’22; Late-June = Next Intermediate Low!
05/21/22 Weekly Re-Lay – “Bitcoin is attempting to bottom after spiking below ~27,500/BTC where its monthly HLS and 6-month HHL converged. That decline fulfilled its weekly trend sell signal (late-March) & perpetuated a 45 – 48 day low-low-high-high-high-high-(low; May 12/13) Cycle Progression. That could/should produce a subsequent low in late-June (with a rally in between). A daily close above 32,700/BTM is needed to give the first sign of a reversal higher. On […]
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