Well known triangle structure by now but you forget halvenings!
Updated
(dates moved around abit but its within the same week)
This halvening breakout was the bottom each time!
2012 halvening structure
2016 halvening structure
2020 halvening structure
May25 chart
This halvening breakout was the bottom each time!
2012 halvening structure
2016 halvening structure
2020 halvening structure
May25 chart
Note
Atleast 3 solid outcomes of this structure imo.Macro triangle, hit bottom 5-8k
hvf/funnel/wedge break out to the upside
Halvening bottom already is in. Because pre halvenings they didnt complete their obvious macro triangle either.
4th thing to think about, when everyone is expecting the same thing it rarely happens.
Note
Happy to see bottom was in! Unless it was a short squeeze and this is a fake out but until proven otherwise, still super long bias
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