Here's your chart.. TheRealOne.
That chart does not invoke inspiration regarding either where we are at or where we might be going.
Maybe you can explain yourself a bit better .. provide some analysis, perhaps?
Hi and thanks for your comments and questions
The chart can be explained as follows:
1) It is a mid-long term perspective and that is why it is not focused on giving short term trading ideas.
2) Still, here are some insights: The downward sloping upper trendline was broken in Spring 2020 and then we saw a consolidation / triangle pattern above 8500-9000 $, followed by another rally leg towards the summer high above 12000 $.
3) For the short term, we need to wait a couple of weeks to determine if there will be a deeper correction back to the 8500-9000 $ congestion zone, or whether the bitbulls are stronger to march towards new 2020 highs and then (in my view likely) to new all-time-highs in 2021-22.
