It only proves that bitcoin's and charts are unpredictable. No matter how we the correlation of it as we analyze it, time and time again that it will come that it'll be very going far away from those predictions.
But I'm stuck in one belief that every halving, we'll see new ATH and even it may have that different pattern and motion after each cycle, that's okay. Just looking long term on it.
That is because the market price is solely dependent with demand. And demand is simply a factor which does not have a cycle to ALL things except for seasonal marketable goods. See and observe how this market is being affected by slighest news around the world such as wars and such which are not even directly connected with this industry but are making huge effects. So I think patterns on long runs won't really determine certainty but a different thing could work with short term speculations through the use of TAs. Another thing to consider is; if TAs are not always accurate, how come same thing could work for annual market behavior of the price?
It couldn't of been this easy? Could it?
It never is, until it is. I remember saying same thing and laughing at this cup and handle -pattern in 2016. I had just experienced my first huge bear market and never experienced real huge bull market so not in a millon years could have seen what's coming.
It only proves that bitcoin's and charts are unpredictable. No matter how we the correlation of it as we analyze it, time and time again that it will come that it'll be very going far away from those predictions.
-cut-
How does any of this prove anything about being unpredictable? OP literally pointed out a pattern that could repeat, as we don't yet know the result it isn't proof of being unpredictable.
There no such thing I guess as definite patterns 'coz if there is, why is the market on a downtrend even if the market is assumed to be on upward motion because we are on the 4th quarter of the year already.
