DON’T OVERTHINK IT.
Just wait until October 6.
Then buy $BTC.
Bitcoin has always moved in a 4-year cycle.
And every cycle, people say the same:
“This time is different.”
It isn’t.
You don't have to believe me today.
Bookmark this now and thank me later.
If you did the same line with the two lows from cycles before, last correction went also under it. In that reasoning, if you thought it was over, you would have missed the entire last pump.
The problem with charting such a long term channel on a log(x) looking curve is that it you expect it to quit the log(x) behaviour in order for it to work (you go against the trend formation even if you agree about the trend direction).
The problem with charting such a long term channel on a log(x) looking curve is that it you expect it to quit the log(x) behaviour in order for it to work (you go against the trend formation even if you agree about the trend direction).
$IREN is in a good place for a reversal now. We might touch $26 before the reversal but after that we should take it to around $120. I would like it to break under $30 to buy more of it.