It would explain all the new price patterns and movements. We were neither in bullish or bearish territory. We were in a huge Bullish Continuation Symmetrical Triangle and all price movements were taking place within this symmetrical triangle from around April 2017 and will continue till breakout to start next bull run which is expected to be around January 2021.
It would answer many questions and confusion out there especially the disagreement between traders on whether are in a bull phase or in a bear market continued correction phase still. The breakout to huge bull run will also happen about 8 months after halving which fits into the timeline too.
It would explain why the bears will be louder when price rejects from the top of the triangle and why the bulls will take over when the price bounces from the bottom of the triangle.
And if this is indeed the case, the next bull run will be HUGE after building up all that energy in the Symmetrical Triangle for 3 years now and by the time it breaks out as expected to next year it would have been 4 years!
If this indeed turns out to be the case, the next bull run will be epic. Aren't we due for one? All we have to do is survive the shakeouts.
Commentaire
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Is this going to breakout? Things do look very positive. ETH looking very similar and at its crucial resistance currently too.
And your stupid chart doesn’t factor into it the economic damage of the corona virus.
Please stop posting before you infect people with dumb ideas
mdyassink
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@th3gr3k0sLaV, ah just saw some of your charts you perma bear crypto and bitcoin hater. Learn some manners before one day someone teaches it to you.
th3gr3k0sLaV
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You are deluded and seeing only what you want to see.
mdyassink
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@th3gr3k0sLaV, think about what you just said. Doesn't everyone use data to analyse and speculate what's next? Why would you theory be better or more correct than anyone else's unless you can see the future through a crystal ball.
Please stop posting before you infect people with dumb ideas