Throughout 2024, I've talked about the potential that #Bitcoin could retest the 200-day moving average cloud & still retain bullish price structure.
We just had that retest.
This dynamic range aligns w/ structural support, but it's not promised to hold.
You'll notice that this dynamic range acted as support perfectly in March 2023 & June 2023, but was followed by a breakdown and resistance in August & September before finally breaking back above it again in October.
Investors and traders who positioned themselves based on this indicator have allowed themselves to:
• Secure opportunistic buys at dynamic support.
• Cut losses in breakdowns.
• Re-enter in breakouts.
In other words, align with the trend and remain dynamic & flexible.
I think that's powerful.
If you don't, that's fine. I can only tell you what I think is important and how I'm going to use it to make decisions for myself and my own portfolio.
I bought here, just as I said I would if/when the 200-day MA retest occurred.
Again, I'll do me and you do you.
Cheers fam.
