I would agree with you on the timeframe if BTC was a "known" asset, but bcause is so knew to the general public and not regulated, its future can not be compaired with its past.
The whales and the big money grabbers like Bitmex itself are just playing a game with the gamblers. They want you to think that bitcoin is following a certain pattern som that all the "fools" trow in their money before the big money grabber takes their profit.
To have small, tiny chance in this BTC game you have to think the opposite of the sheeps. When the perfect bull signs are showing. Thats where you go short. Same goes for the longs.
BUT, dont get greedy with the leverage. Have big rooms for ups&downs in the trade.
The whales and the big money grabbers like Bitmex itself are just playing a game with the gamblers. They want you to think that bitcoin is following a certain pattern som that all the "fools" trow in their money before the big money grabber takes their profit.
To have small, tiny chance in this BTC game you have to think the opposite of the sheeps. When the perfect bull signs are showing. Thats where you go short. Same goes for the longs.
BUT, dont get greedy with the leverage. Have big rooms for ups&downs in the trade.