Looks so neat and perfectly setup.. not taking the bait.
When I draw out what is there, it looks a little too neat for my taste.. a little too perfect
The purple line is the long term trend line, which has been broken recently a few times, so I'm not sure how much it is worth, but I think it still has some influence.
The blue line is a similar trend line, that just doesn't go back as far, and flattens the curve as would be expected at this time in BTC's history. There is time resistance either way, and as some suggest, we might be testing the 9100's, or possibly the 200 SMA, which looks to be in play as it too comes up against the blue time resistance.. all to buy in before the big pop in April/May for the halving.
Looks a little too perfect to me, so not sure if I would trade on this or not.
My gut instinct says the contrarian will happen and we'll see a big drop during the halving.
I don't believe in the current iteration of bitcoin, and maybe of all things, BSV is the one to bet on or something else.
Maybe it would be wise to spread a little around the other alt coins to see if something else takes hold during this time as it's possible there could be a shakeup.
What do you think?
The purple line is the long term trend line, which has been broken recently a few times, so I'm not sure how much it is worth, but I think it still has some influence.
The blue line is a similar trend line, that just doesn't go back as far, and flattens the curve as would be expected at this time in BTC's history. There is time resistance either way, and as some suggest, we might be testing the 9100's, or possibly the 200 SMA, which looks to be in play as it too comes up against the blue time resistance.. all to buy in before the big pop in April/May for the halving.
Looks a little too perfect to me, so not sure if I would trade on this or not.
My gut instinct says the contrarian will happen and we'll see a big drop during the halving.
I don't believe in the current iteration of bitcoin, and maybe of all things, BSV is the one to bet on or something else.
Maybe it would be wise to spread a little around the other alt coins to see if something else takes hold during this time as it's possible there could be a shakeup.
What do you think?