DISCLAIMER: I already have a position in BTC, as noted on the chart, where I have traded the crypto in the past.
BTC is currently forming a pennant pattern, indicating a potential move to higher levels. My outlook remains extremely optimistic, especially with the upcoming halving event in just two weeks. Although this event is more short-term in nature, it's plausible to suggest that BTC, along with the broader cryptocurrency market, might be entering a long-term Supercycle that could extend over the next decade. While we can expect periodic downturns, the overarching trend appears to be significantly bullish.
The investor sentiment seems notably jittery. A mere few days of BTC consolidation leads to queries about the sustainability of the rally, which starkly contrasts the over-enthusiasm typically observed at market peaks. In fact, recent discussions have even veered towards redemptions, with some investors capitulating at the very bottom.
It's important to maintain a perspective that, despite short-term volatility, the long-term trajectory for BTC and cryptocurrencies looks promising, underpinned by solid fundamentals and growing acceptance.
PS I am both a long term Bitcoin Bull Investor as well as a short term Bitcoin Trader. The two are different and I review BTC at the moment as a trader not an investor.
and here is how I played it, today, again real time ;)
TintinTrading
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You can see I posted an idea in real time here:
TintinTrading
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@TintinTrading otherwise the point of the idea is not to show that I have a position (I only say it as a disclaimer, since I am somewhat subjective in this case), the point is to show a current developing pattern and a new potential buy point ;)
Vetpower
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« I already have a position in BTC« thats easy said by just adding sell and buy in an image after the graph have been made already lol.