How will the year close out? Will we see a monthly triple bottom retest?
Tradingview is buggy lately... Will old support become resistance?
With a new block reward epoch comes a new support/resistance? The COVID wick may have revealed a new support trend. I am excited for the new swing opportunities approaching. Also look at the weekly and monthly bullish/bearish comparison charts.
There have been more bearish months since ATH. #bitcoin
There have been more bullish weeks since ATH. #bitcoin
People might need a little hopium right now after the halving hype and crash cycle. DCAing over the next year is a simple way to get set up for the next REAL bull run.
To be clear - I am always long term bullish.
I totally underestimated to FOMO - I guess the only question is how hard will it pull back?
Number go up and HODL worked until Dec 2017. This is a new market with a different set of dynamics and conditions.
As you can see - there is a macro trend - probably created due to trading algos. These algos do not consider halvings and will trade purely on price action. I am always long term bullish on bitcoin - but I can’t ignore these macro trends.