To think that BTC will just tap the weekly 200 MA/EMA (like it did in December (purple/orange)) and then never test them again before we enter the next bull market, is extremely unlikely. Especially when you consider the log chart. When I look at my log chart, I can see that we still have not yet come into contact with the lower side of the arch. That is still quite a way out, in terms of time and price. It should happen somewhere in the 3000-4000 range. Knowing that, I'm going to sit on the nice pile of cash that I've made since December, and buy one metric F ton of Bitcoin when the time is right. Until then, I will be watching through my binoculars as the bears completely slaughter the naive, complacent, and unsuspecting bulls.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***