BTC Watch Year-end Update: I don't use chart patterns to trade (in fact, I've stopped trading and only hold for over a year now—we're
@untradingOrg, after all), as those who've followed my shared charts know. I've used this weekly setup since 2016, riding through two major bear markets while remaining long-term bullish on BTC.
The two horizontal "negative zones" (indicated in red) were drawn about a year ago. We've been in the higher one for around four weeks, with a chance of dropping below 60K.
This isn't a prediction—just a trigger for contingency planning if that line is hit. (
@Excellion, don't shoot the messenger 😅.)
On the upside, as you can see, the bullish projection hasn't followed the dashed line since July. That's OK. One should be prepared for both ups and downs.