Different perspectives do really matter..
People should take into account that the volatility of bitcoin is diminishing over time thus making price action behave differently on the same indicator..
Have you wondered why this orange middle line of the donchain channels line is not breached yet despite dropping almost as much as previous cycles from the its ATH?
The answer is in the charts... Everyone has their own invalidation point.
My take is that BTC didn't have europhic climb therefore it dropped less than it was supposed to be and increasing adoption and popularity made bitcoin climb for the second time thus creating this "uptrend bear" rare event on the technical side destroying traditional analyses that people made based on past data..
Expect different, the short term it may bounce sure but in the long term its lengthening cycles for sure.
People should take into account that the volatility of bitcoin is diminishing over time thus making price action behave differently on the same indicator..
Have you wondered why this orange middle line of the donchain channels line is not breached yet despite dropping almost as much as previous cycles from the its ATH?
The answer is in the charts... Everyone has their own invalidation point.
My take is that BTC didn't have europhic climb therefore it dropped less than it was supposed to be and increasing adoption and popularity made bitcoin climb for the second time thus creating this "uptrend bear" rare event on the technical side destroying traditional analyses that people made based on past data..
Expect different, the short term it may bounce sure but in the long term its lengthening cycles for sure.