Bitcoin's weekly chart is looking spicy right now. The setup on the weekly timeframe is clearly putting bears in a tough spot, and it's probably keeping cycle traders up at night too. The kind of price action that makes you question all those "four-year cycle" calls people were making earlier.
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StablecoinArbitrageur
· 4h ago
ngl the weekly structure's been breaking my models too. those cycle theorists are gonna have a *real* hard time reconciling this with their excel sheets lmao
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OneBlockAtATime
· 6h ago
This weekly pattern is really tense; the guys who believe in the four-year cycle theory are about to be proven wrong.
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VitalikFanAccount
· 01-17 17:58
The weekly chart definitely has some flavor to it. The four-year cycle theory now looks a bit awkward.
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ProbablyNothing
· 01-17 17:32
The weekly chart definitely shows some substance. Those who previously hyped the four-year cycle should be regretting now.
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EthSandwichHero
· 01-17 17:31
Is this wave on the weekly chart about to take off? I always feel like it's going to crash...
Bitcoin's weekly chart is looking spicy right now. The setup on the weekly timeframe is clearly putting bears in a tough spot, and it's probably keeping cycle traders up at night too. The kind of price action that makes you question all those "four-year cycle" calls people were making earlier.