I'm just a student of the crypto market. So I learn by studying, but also sometimes by just looking at the charts and trying to make sense of them in different ways.
This is an example. It looks to me like there has been a consistent pattern of shallower and shallower downtrend angles over time in the BTC daily chart. And it looks like there is an overall trend systematically fighting the downtrend, and slowly winning.
There is not a new trend up yet, but the downtrend is weakening. People will progressively gain some confidence if the double bottom holds. And that support is the last line of 2021 price support. I believe it would take a disaster like Covid or a major stock market crash to take BTC significantly lower than this.
Obviously nothing is intended as advice. It's food for thought. I prepared it in the course of studying the chart this morning and thought I'd share it in case it interests someone. And to put it on the record.
This is an example. It looks to me like there has been a consistent pattern of shallower and shallower downtrend angles over time in the BTC daily chart. And it looks like there is an overall trend systematically fighting the downtrend, and slowly winning.
There is not a new trend up yet, but the downtrend is weakening. People will progressively gain some confidence if the double bottom holds. And that support is the last line of 2021 price support. I believe it would take a disaster like Covid or a major stock market crash to take BTC significantly lower than this.
Obviously nothing is intended as advice. It's food for thought. I prepared it in the course of studying the chart this morning and thought I'd share it in case it interests someone. And to put it on the record.