It works until it doesn't. The previous cycle trend support acts as a resistance in the following cycle. Covid panic sell off in 2020 was a deviation. The top should come within the first half (starts with the halving) of the cycle.
Just a simple observation how two long term trend lines act as resistance and support. But for now we have been stopped by 0.382 fib, weekly ichimoku cloud and the dotted long term trend line at once. But it's tightening. We could range between these two lines for a few days, or weeks, maybe even months, but once broken and successfully retested as support, all...
