However if you look at how the price broke out of the supertrend baseline in 2020, you can say that history repeats itself.
In both cases, a year passed from the bottom of the cycle, and the price consolidated for some time below the trend line. Then a 20% breakout↗️
What's next? Will the rhyming continue and we will fall like in 2020? I think not, this poetry is over. Although some correction and retest of the 30k zone is possible, such falls as during the censored crisis are not expected. Here you can start looking for some rhyme with the cycle of 2016.đź‘€
In both cases, a year passed from the bottom of the cycle, and the price consolidated for some time below the trend line. Then a 20% breakout↗️
What's next? Will the rhyming continue and we will fall like in 2020? I think not, this poetry is over. Although some correction and retest of the 30k zone is possible, such falls as during the censored crisis are not expected. Here you can start looking for some rhyme with the cycle of 2016.đź‘€