This is so ridiculously fundamental TA but just take a look.
Are our BTC sell points this simple? Accumulate long term support, sell at long term resistance? So far, this has rang true in the last 3 bull cycles. What's strange on this go-around is that we've tapped the resistance so early on in the cycle.
This usually doesn't happen until approx 16 months after halving, but of course the BTC landscape has had a paradigm shift with adoption. So, do we have a lackluster 2025 of tapping off this resistance a handful of times as happened in 2021 before making our way down to longstanding support? OR does it breakout of this resistance? I'm in the camp of a breakout since we're riding the top so early. If it does go that route, it will be exponential growth in my opinion, given new price/trend discovery.
Are our BTC sell points this simple? Accumulate long term support, sell at long term resistance? So far, this has rang true in the last 3 bull cycles. What's strange on this go-around is that we've tapped the resistance so early on in the cycle.
This usually doesn't happen until approx 16 months after halving, but of course the BTC landscape has had a paradigm shift with adoption. So, do we have a lackluster 2025 of tapping off this resistance a handful of times as happened in 2021 before making our way down to longstanding support? OR does it breakout of this resistance? I'm in the camp of a breakout since we're riding the top so early. If it does go that route, it will be exponential growth in my opinion, given new price/trend discovery.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.