Is BTC following a predetermined template?

[Hustlebuddy]

I'm sure a lot of us here have seen this image a couple of times, or something like this somewhere, but the question now is how true is this information in this image especially in relation to real time markets.

 

[mrhamyou10]

Bitcoin is 100% follows a 4-year halving trend, ( search for bitcoin halving if you don't know it ).

it's hard to have a predetermined template because the Bitcoins' movements are related to mining, market cap, and daily volume

 

[mrhamyou10]

also the chart you attached can be apply to all trading market , these all the phase most markets pass from it's human psychology

 

[WAndreas]

View attachment 446704

I'm sure a lot of us here have seen this image a couple of times, or something like this somewhere, but the question now is how true is this information in this image especially in relation to real time markets.

This formation is usually called 1-2-3, and positions are opened in the hope that the movement will continue in the direction of the breakout. But things don't always turn out as shown in the screenshot.

 

[SofiaMatt]

No, BTC does not follow a predetermined template; its price movements are influenced by market dynamics, investor behavior, and external factors, making it inherently unpredictable.

 

[solanarocks]

Bitcoin is 100% follows a 4-year halving trend, ( search for bitcoin halving if you don't know it ).

it's hard to have a predetermined template because the Bitcoins' movements are related to mining, market cap, and daily volume

Also the economic situation i major economies has most important effect.

 

[Crytononame]

If Bitcoin was sticking to the old script, we'd be in a crypto winter by now.

 

[Hustlebuddy]

If Bitcoin was sticking to the old script, we'd be in a crypto winter by now.

I see what you mean, but do you think this current uptrend would hold for a while? I'm of the opinion that we'd get another fall soon.

 

[Nut-Nights]

The upward trend will continue, just make sure your hedge your positions and take your profits from time to time. Plus BTC is not following a predetermined trajectory, the moment big sharks decided to close their long positions, you will see a dip. It can happen today or tomorrow or maybe in next month.

 

[GTC]

Not sure why, but the chart and the theory give off major 'angry know-it-all dad ranting from his dimly lit garage' vibes - like a heavy hitter redneck type just yapping away.

 

[Crytononame]

I see what you mean, but do you think this current uptrend would hold for a while? I'm of the opinion that we'd get another fall soon.

As soon as inflation starts kicking in hard, Bitcoin's gonna get absolutely hammered. Crypto winter incoming, big time.