It looks scientific until you realize it's built on 3 amateur mistakes 👇
1️⃣ The -45° Trendline Angle Fallacy Measuring a -45° angle on TradingView is a visual trap. The geometric angle literally changes every time you zoom in or scale your screen. Basing a $100B+ market shift on screen resolution is the most basic charting mistake possible.
2️⃣ Zero Cycle Context • 2022: Peak Bear Market, aggressive FED rate hikes, LUNA & FTX contagion collapsing systemic leverage. • Now: Global monetary easing, continuous ETF spot inflows, and entering Q4 seasonal tailwinds. Comparing these two macro environments is pure financial literacy failure.
3️⃣ Ignoring the Institutional Floor To hit $40,500, $BTC must slice through: • $58K - $60K: Macro trend support • $50K - $52K: Institutional & ETF average cost basis Without a massive Black Swan event, the orderbooks simply do not have the liquidity to break these walls.