TrndWhisper

This chart is a monthly chart of Bitcoin (BTC) against the U.S. Dollar (USD), showing historical price movements and potential future scenarios based on the chartist's annotations. Here’s an explanation of the key components: Bitcoin's price peaking around $69,000 before experiencing a significant drop. - There are trendlines indicating past price movements and possible future resistance or support levels.2. - **#1 "2018-2022 We had a divergence Along with liquidity grabs. We dropped -50%"**: This refers to a period where Bitcoin experienced a divergence, typically when price moves in one direction while a technical indicator moves in another, suggesting a potential reversal or significant price movement. The liquidity grabs imply there were price moves aimed at triggering stop losses or attracting retail investors before a drop. - **#2 "The Greedy Shake Out"**: This indicates a period where the market experienced a sharp decline, shaking out (or forcing the exit of) weak investors who were overly optimistic or greedy. - **#3 "Greedy Shake Out, Ready for the last Run Of the year…"**: Suggests that after a correction or shakeout, there might be another bullish move before the year ends, possibly leading to a new high. - **#4 "Once BTC finds its Last Top, Then we can proceed with a bear Market"**: This suggests the chartist expects another significant peak before Bitcoin enters a prolonged bearish phase.This is analyzing past trends and speculating on future price movements based on patterns and historical behavior. It suggests potential for further upward movement before a significant downturn.

The chart shows a possible bearish divergence, where the price is making higher highs while the Relative Strength Index (RSI) is making lower highs. This can be a sign of weakening momentum and a potential price reversal. indicates key levels around $39,000 and higher levels around $65,000. These could act as significant support and resistance zones. after a potential dip, there could be a recovery or further upward movement, forming a broad pattern. This is a hypothetical scenario based on current market conditions and trends. Overall, the analysis suggests caution due to potential bearish indicators and external influences. It's important to remember that technical analysis involves interpretation and scenarios are speculative.