Looking at the indicator i found a similar pattern occurred in post 2013 bull run. Obviously i don't know if this cycle repeat itself in this way, but it is usefull to whatch a this similarities to plan a trade for a long run.
I'm long on Bitcoin since many year, but if price fall and patter reveals itself usefull, i consider to build a new long position.
Let me know if it's usefull, and if you like this analyse share on twitter and tag me, so many people can start to think more about wait and build a solid position for long term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.