With all due respect your 2nd chart with the "ultimate bear" channel is ridiculous. It really undermines your point.
The W200 has held yes or no? Yes.
The W200 held in 2015 even though it closed slightly under it for two weeks in a row and also wicked below it twice, yes or no? Yes.
The W200 has never been broken decidedly in the history of BTC charting, yes or no? Yes.
This means we shouldn't get ahead of ourselves, yes or no? Yes.
I agree...it is pretty ridiculous. However, I have spent a good many hours starting with fresh charts and I continue to come to this same basic shape and trend. Make of it what you will as I don't really have a point nor am I trying to sway a narrative one way or another. I honestly feel I would be remiss in my duties if I did not present what I am seeing as accurately as possible. What I am seeing is a continued trend of driving the price up to sell, not to accumulate more coins. Its all in the volume imho.
Was I over dramatic? Yes. The fact remains the data fits this shape and as I said..until we break above that downward trend line I think its viable.
The thing with the W200 is that it's just a line..no one seems to care when we are trending well above it. I would rather be wrong and have the price go upwards than be wrong and it go down without having said anything at all.
#justmy2sats