yes, chart looks bad and the whole 'premature fractal' looks even worse.
In fact, we started 2016-2017 bull run about 9 mo before halving.
Therefore, we are not ahead, but late by two months if you don't consider the move to 13.8K as a true "run".
The best we can count on here is slowly sloping upwards, hopefully exceeding the 200da MA.
If not, we will undergo a 'death cross' in one or two months.
My current thinking is that it is looking very bearish when it "should" have been progressively bullish (in this time zone vs halving)
In fact, we started 2016-2017 bull run about 9 mo before halving.
Therefore, we are not ahead, but late by two months if you don't consider the move to 13.8K as a true "run".
The best we can count on here is slowly sloping upwards, hopefully exceeding the 200da MA.
If not, we will undergo a 'death cross' in one or two months.
My current thinking is that it is looking very bearish when it "should" have been progressively bullish (in this time zone vs halving)
There's rumor about a guy that stole 200k BTC, went underground and is suspected to slowly dump them. I think it was the same one that claimed to lost the key to an exchange cold wallet because the only one that knew the seed/ had the key, unfortunately died. The timing is said to be related to that small dumpings after the recent $13k top.
That could explain some things. In the long run, we're still going up gradually after every dump. Once the bears are out of ammo, everything should be fine, no?
Sorry for being unprecise and not providing sources about the rumors, it's still early, the missus is out and the kids are restless AF ...
EDIT: I think i also see many small dumps at around the same daytime (after 12pm GMT). But that could be only my weak memory, again
