Instead, it does what it always liked to do best: Long plateaus after a small pre-rally.
This rally from 3k to 14k was really similar to the one in mid 2012, and the one in late 2015/early 2016.
And every time after such runups, btc like to relax for a long while.
For a time I was fooled by BTCs aggressiveness, but now it looks as if BTC behaves again as it used to.
That's the good ol' BTC I used to know from back in the day, hehe!
Of course, for active traders that's a nightmare, but I fortunately just keep accumulating, so BTC can for all I care, do this game for a long while.
Now, we see that BTC is comfortable resting on the long exponential support line from back in 2015. That is a 4 year old support line! BTC busted through it, and now it became support again. Amazing!
This is somewhat based on CryptoBullets idea, so I want to give him a shoutout here, for noticing that indeed we now rest on this very old support line. And judgin from the looks of it, BTC will rest there for quite a while, doing the
old plateau game. So now, first Plateau 1, then Plateau 2. Exactly like back in the day:
So anyways, this is just my current view, which can of course change again, should BTC do some surprising stuff.
Great luck to all!