Notice how the August 2022 peak is followed by a strong correction, instantly.
The November and December 2022 peak is followed by sideways consolidation.
That's why I consider this chart to be bullish.
I make the same argument for Bitcoin.
In the past, each time a peak is hit we have a strong correction immediately after.
In the present, as each new peak is hit, we get sideways consolidation.
That's a bullish signal.
Thank you for reading.
Namaste.
The November and December 2022 peak is followed by sideways consolidation.
That's why I consider this chart to be bullish.
I make the same argument for Bitcoin.
In the past, each time a peak is hit we have a strong correction immediately after.
In the present, as each new peak is hit, we get sideways consolidation.
That's a bullish signal.
Thank you for reading.
Namaste.
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