Didn't take 01 Jan '20 and 01 Apr '20 because of just 1 and 2 histogram bars below the 0 line. 01 Oct '21 is the same thing. Only +3 histogram bars below this line makes sense because of more data available.
Since Bitcoin was invented, it has been through 3 halvings which resulted in 3 bull cycles.
2012 Halving -> 2013 Bull Cycle
2016 Halving -> 2017 Bull Cycle
2020 Halving -> 2021 Bull Cycle
Next halving date is estimated at March 2024.
After 2013 & 2017 Bull Run cycles, Bitcoin hasn't ever retested previous cycle all time high (ATH)
Why was that? ...
Using CME Futures Bitcoin chart, we can see how gaps worked perfectly in the past.
CME Gap for those who don't know, is the difference between the trading price of Bitcoin futures contracts when the market opens on Sunday and when it closes on Friday.
Bitcoin tends to move to these gaps like a magnet most of the time.
Also I applied trend following indicator on...
Looking for BTC <30.000$, generational opportunity to stack below production cost
Ethereum <2.000$ before ETH 2.0
Then, we are looking gucci for the long term
