BTC Mid-cycle dip

3 Jun 2021

Bitcoin 12h chart for the past few weeks. The dip has hurt many of us, but I don't believe this is the end of the bull market cycle for crypto. As a disclaimer: I'm still fairly new to TA and I consider myself a student of the market. But I absolutely love doing this and very much appreciate feedback. please comment if you like this analysis and/or have criticisms! For my chart colors- yellow lines are equidistant parallel trend lines, teal is my major trend support and buying level, red is the major resistance line we need to break through to resume the bull market. the green boxes are swing trade targets based on fib levels and previous sup/res prices. Again I honestly do appreciate feedback - everybody has value to add and I'm not above making mistakes. Thanks for looking and commenting, I hope you found this useful!