50/50 Chance so bank your profits early
we have some room left for growth. i would sell/hedge thereafter
maybe we can hit 3k later this year. but for now it´s likely to go sideways for a veeeery long time. This is the time for ETH and i hope you all invested early. Yesterday prooved it is no longer dependent on BTC
we are close to the lower red line of the chaos channel.
this is the moment where i dont want to hold bitcoin anymore
I look at many charts here for learning and I always take a look at this chart for the long term path of Bitcoin. To me it seems you are still quite correct with your analysis and as far as I know one of few. However, you wrote " .. this chart is no longer valid". Is the 'extent of correctness' in this chart just coincidence and does an analysis with current data and the same indicators show something else? I do not know a lot about technical indicators else than what I read here or got from some online course material. I hope you can find the time for a response. Always intrigued by this chart.
Thanks for sharing!