it bounced off the primary bull support trend line. you can be right when we go below, so far this is just more validation of the lengthening cycles theory
@stellarjth, The log fib curve never lies bro. Until we go lower than 37k (and then 25k), this is just a regularly scheduled pit stop in my lengthening halving cycles chart. Could happen that we dip that low, but this could also be in the 70-80k range in the next few weeks. There's uncertainty, but there's more than enough signal for me to still remain bullish. Bear divs that have been building for weeks are playing out now. Bull divs are next
@stellarjth, I admit it, you got this one right. As soon as it dropped under the last line in the log curve my heart sank and I realized exactly where we're at, the bubble is popping, and even 10k might be a generous estimate. All the old reliable crypto tools are dead, and that's fine. Now I don't have to do two different kinds of TA for stocks and crypto anymore.
Back in December it could have went either way still. We still had all our retarded cypto only models in the safe zone, that shit worked for me since 2013 and made money, it is what it is