In our 8/24-26 Blog posts, 2 weeks ago, I posted a Bitcoin chart, which has been updated below, and asked what we can read from the chart.
Here is a little what we read from the above chart:
1. The 3/13/20 red Trendline acted as Key resistance at the recent 9/6/21 swing High, the 70.7% retrace.
2. The other trendline will act as Trendline support around 39485, close to the 55% retrace.
3. The pink vertical lines are proprietary Geometric Time CITs (Change in Trend = High or Low) and we are declining into 9/9-10 triple Geometric Time Cluster, suggesting a 9/10 swing Low.
4. The 68 TD Cycle last saw the 1/8/21 High, 4/14/21 High and 7/20/21 swing Low is next looking for an 10/21 High or Low, right at the 10/22 Geo Time CIT.
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5. The proprietary NDX Master Cycle remains active. It recently projected a 9/7-8H and we saw a 9/7 NDX High and is now looking for a sharp decline into 9/10 swing Low, supporting the above Bitcoin outlook.
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