confirmationbias
Long

Well known triangle structure by now but you forget halvenings!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
(dates moved around abit but its within the same week)

This halvening breakout was the bottom each time!

2012 halvening structure


2016 halvening structure


2020 halvening structure





May25 chart

Comment: Atleast 3 solid outcomes of this structure imo.


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.


Comment: Happy to see bottom was in! Unless it was a short squeeze and this is a fake out but until proven otherwise, still super long bias

Comments

Nice ideas!
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?
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confirmationbias Phi-Deltalytics
@Phi-Deltalytics, Yea its 'either or'. Triangle structure / halvening breakout. Regardless im DCA in this range. Im ready for a drop to 6-8k, it would make most sense. BUt again with the halvening structure they didnt complete their bottom macro triangle either.

So for me there are 3 strategies. Macro triangle, hvf/funnel breakout, halvening structure.

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Phi-Deltalytics confirmationbias
@confirmationbias, from the halving structure perspective, do you think the bottom is in already?
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confirmationbias Phi-Deltalytics
@Phi-Deltalytics, Told ya ;D
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Nice bro looks like we’re getting some more bullish momentum, you should check out my page
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