Hi. In this simple illustration I want to show you clear indicators on how BTC has been gradually losing strength and momentum eversince Dec-17 ATH (All-Time-High).
Notice how Dec-17 rally was exponential on a wide range, whereas subsequent rallies lost range one after the other, until right now, when the radical difference nobody seems to be pointing out is that we've gone from exponential rallies to our first parabolic BTC rally ever (on a large scale / timeframe).
This to me sets the field for either a bearish scenario, or a lateral-ish distribution period.
Let me know what you think in the comments.
Notice how Dec-17 rally was exponential on a wide range, whereas subsequent rallies lost range one after the other, until right now, when the radical difference nobody seems to be pointing out is that we've gone from exponential rallies to our first parabolic BTC rally ever (on a large scale / timeframe).
This to me sets the field for either a bearish scenario, or a lateral-ish distribution period.
Let me know what you think in the comments.