This halvening breakout was the bottom each time!
2012 halvening structure
2016 halvening structure
2020 halvening structure
Macro triangle, hit bottom 5-8k
hvf/funnel/wedge break out to the upside
Halvening bottom already is in. Because pre halvenings they didnt complete their obvious macro triangle either.
4th thing to think about, when everyone is expecting the same thing it rarely happens.
We’re still bearish for the mid-term. However, we do think the downward breakout will be initiated more from the 9.4k level as shakeout actions are needed to get rid of some of the retail bears right now. Likely another week of range bound trading if we drop from here to below 9k.
Any thought on our setup below?
So for me there are 3 strategies. Macro triangle, hvf/funnel breakout, halvening structure.