Are we going to break this 6m resistance to a 2 to 3 yrs bullrun to then have a decade bear market?? Or going to start a new bull market for the next 10yrs??
In my opinion is going down in the long term, just a matter of time. We’ll see.
As you can see in this monthly chart, BTC previous cycles all time highs were pretty much around the -.0382 fib extension. In 2013/14 top was -25% from the -0.382 and in 2017 it pass the -0.382 by 15%. For this new cyble the -0.382 extension is at 206k.
The way I placed the fibs was by using the low from previous cycle to the midterm high before the major...