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I just detected a head and shoulders pattern on $ETH 1 week time frame. Potentially bearish but once ETH get below $2,900 mark then that will be the confirm buy signal for me. #headandshoulders

I just detected a head and shoulders pattern on $ETH 1 week time frame. Potentially bearish but once ETH get below $2,900 mark then that will be the confirm buy signal for me.

#headandshoulders

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Any Correlation between Bitcoin Halving and Bull Runs? There's a compelling correlation between Bitcoin halvings (reduction of block rewards for miners) and subsequent bull runs, though not always a guaranteed one. Here's a breakdown of past halvings and their corresponding market environments: Halving 1 (Nov 2012): Pre-Halving Price: ~$13 Sentiment: Cautious optimism after a slow 2011. Big News: Mt. Gox hack (~$450 million) cast a shadow, but adoption through Silk Road continued. Geopolitical: Eurozone debt crisis fueled interest in alternative currencies. Global Narrative: Bitcoin as a nascent digital gold story emerged. Post-Halving Bull Run: Price surged from ~$13 to ~$1,100 by November 2013 (84x increase). Halving 2 (July 2016): Pre-Halving Price: ~$400 Sentiment: Bearish after a 2014-2015 crash. Big News: Ethereum launched, sparking interest in DeFi and smart contracts. Geopolitical: Relatively stable. Global Narrative: Focus shifted towards blockchain technology's potential beyond Bitcoin. Post-Halving Bull Run: Price climbed from ~$400 to ~$20,000 by December 2017 (50x increase). Halving 3 (May 2020): Pre-Halving Price: ~$7,000 Sentiment: Uncertain due to the COVID-19 pandemic's economic impact. Big News: Increased institutional investor interest and support. Geopolitical: Pandemic triggered a global economic slowdown. Global Narrative: Bitcoin as a hedge against inflation gained traction. Post-Halving Bull Run: Price rallied from ~$7,000 to ~$69,000 by November 2021 (10x increase). Observations: It takes roughly 12-18 months for the full impact of a halving to be reflected in price. #BullorBear #bitcoinhalving #etf
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