I've seen one other TA notice this parabolic base forming (pink area) which I believe we'll be exiting over the next few years. Maybe it will happen this bull cycle. However, I think it's also possible that this bull cycle will be somewhat lackluster, not exceeding $150k, before correcting down to the 80's with wild volatility. I think this will shake out A LOT...
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...
