I have bin looking at a possible ghost trend without Hype and FUD calculated in.
I think that BTC markets are currently over Hyped and need to go sideways for a couple of weeks This would result in the biggest BTC market bottom forever. This can also mean we have bin in a bear market/sideways trend seen before the first hype cycle coming above 30K to the first new ATH of 64.8K In this time the BTC market has made a 1 to 1,5 year long bottom. Powered by Hype Cycles, H&S pattern's and new ATH's. With news effecting the ( BTC ) markets.
Better reasons for market bottom
Hype Cycles - Money printing - inflation at 7% - Adoption form retail/ working people - Active development
Note: I think that these Cycles are needed to make BTC / CC work currently.
H&S pattern's ( Head and shoulder pattern's) - The first money hype cycle resulting in H&S pattern and Wyckoff distribution pattern - The second H&S pattern forming at the 52K top ---> resulting in down trend up to 10/21 --> 69k top. - And the last H&S pattern forming at the current ATH at 69k ---> resulting in down trend up to 24/ 01 /22 ---> next cycle for 2-3x current ATH .
Note: I think that these H&S pattern are not good for a BTC market. But good for buy prices.
Hoop this helps
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Cup & Handel breakout for next week? of up trending line. True if Breakout hits 46.15K and continues tot 46.65K ?!?!