There’s a portion of Bitcoin’s chart that can be made to fit in there somewhere. Bitcoin’s daily chart from November 2017 to November 2019! Haha! That shall now be known as, the Llama Movement. Let’s salute everyone who HODLed, and bought the dips during those difficult, and stressful times.
You haven't seen the full Llama Movement yet.
Llama movements can be spectacular when they drop.
Bitcoin dropped during 2014 - 2016, and 2018 - 2020. It WILL drop later in 2021, or during 2022 - 2024. BUT which point is the maximum bottom of the drop, and becomes the support?
Zoom out. What was the lowest point of the last bear market cycle, what was the highest point of the bull market cycle that preceded that?
Let’s salute the Llama movement.