Just like the hits of the 90s, it's easy to recognize when good music is good music. You've heard it before, and you know when you're hearing it again. It's early, but this really does sound like a familiar tune. And the bulls are getting ready to dance.
Options available for efficient stacking should we range or dip here. Nothing but a meme. This chart was brought to you by my boredom before heading out on a Friday night. Just move it right along.
We stay stacking!
I haven't touched these channels since mid-December and with decent reason. You can call it an accumulation phase, pre-capitulation , front-running the halvening, or whatever you want, but this upward trend is continuing and will probably do so until it chooses not to.
What to do, then? Analysis can only get you so far. Eventually, you're going to have to get...
None of this means anything. I'm bored and I'm doodling, trying to pass it off as art. Please move swiftly along to the next chart and quickly disregard this one. I'm not even a trader. I'm just here because charts are pretty. Still so bullish.
Previous 10-14 hour downtrends (especially in a choppy fashion) result in a significant push up, also establishing a new price floor. 3 previous channels with similar chop resulted in the same price action so expect the new norm to be 13375 once we hit 12 GMT. I'm still long here, and await the new yearly high soon, given price wont go below 13 for a bit.