One Bitcoin chart, many cycles.

Everything has a cycle. A period of time between ebb and flow. Prosperity and bust. Ups and downs. Sun and moon. Everything. We can't deny it. Knowing the past is a great start! What's below isn't meant to be exhaustive and isn't trading or investment advice. It's a simple explanation of what I said above using the Bitcoin chart (BitStamp) from the 30 minute chart up to the Monthly chart. I've arranged the charts from smallest cycle used to largest and I do that for a reason. To show those new to charts and crypto that looking to the past is a main part of knowing the future. Bottoms make tops, tops make bottoms. Let's get started.

30 Minute

Bitcoin is trading between 19,698 and 19,442 so it's trading sideways. The trend is up. Notice the heavy red dashed line at 19,666? We'll talk about that later. *No Trendlines to denote the trend until the 4 Hour (That's the smallest cycle TL on these charts)

1 Hour

Again, price is trading sideways between the two points mentioned above. Trend is still up. *

4 Hour

The first chart to use TLs. Notice that the trend is still up and BTC has tried twice to break above the 19,666 level. The last bar is a higher high and lower low however it's a weak bar because the close is lower than open.

Daily

Price is up from the Intraday 9/21 low and the last swing top broke the past two made on 9/21 and 9/17 with the trend down and price trading sideways between the Tuesday's range. Notice how many times that price has found resistance and support at the 19,666 level.

Weekly

There is no weekly TL however the last weekly swing top was the week of April 18, 2022. Since that date Bitcoin steadily traded lower until week of June 13th. 108 days the market has traded sideways with the trend down. In those 3 months, 16 days Bitcoin has traded somewhere between the weekly bar of 26,845.63 and 17,592.78. There's that red dashed line.

Monthly

The Monthly TL is in yellow. In the 323 days since the All-Time-High BTC has had only one swing bottom and one swing top. And look at that! There's the red dashed line and would you have ever imagined that in the past a top was printed back in 2017. Hence the reason for all the support the market is getting at the level. always know the past!

I have always tried to stay with the trend of the market. Day trading isn't my thing because of the 2 human emotions of greed and fear that get you in wrong and get you out wrong too many times and cost you money. But, to each their own. Looking above you can see that the first 3 chart cycles are up with the last 3 being down. The main cycle is what I'm always concerned about.

Do your own research. For informational purposes only. Not trading or investment advice.