Should've Seen This Coming - BTC New Cycle Begins?
There was this huge 4+ year trend line that everyone was like no way we break it (I was also leaning on the side that we probably wouldn't break down, but could) and here we are absolutely destroying that trend line .
I had a feeling after looking at this chart (I had the idea before the dump) that we might break down when we were at 8k. I told myself there's no way that'll happen, there's always something different. This trend is longer. I shouldn't have let my emotions get in the way of my investment, which I still need to learn to not be so bullish all the time. There are subtle differences but the big indicators are almost always the same.
This happened in the 2011-2013 run up. There was a ~3.5 year trend line that was broken in December 2014. After that, BTC established a new base and calmed down a little and went sideways before starting the continuous uptrend.
I believe we're starting an accumulation period right now.
Tell me if I'm right or a dunce
I had a feeling after looking at this chart (I had the idea before the dump) that we might break down when we were at 8k. I told myself there's no way that'll happen, there's always something different. This trend is longer. I shouldn't have let my emotions get in the way of my investment, which I still need to learn to not be so bullish all the time. There are subtle differences but the big indicators are almost always the same.
This happened in the 2011-2013 run up. There was a ~3.5 year trend line that was broken in December 2014. After that, BTC established a new base and calmed down a little and went sideways before starting the continuous uptrend.
I believe we're starting an accumulation period right now.
Tell me if I'm right or a dunce
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