how accurate can long term indicators be? in 2023, these indicators showed both the breakout, and about every local high and bottom from 15 to 48k. it shows how bitcoin both pushes resistance, gets denied before it breaks it. it perfectly shows bitcoin pushing ascending and descending resistances for a month before breaking it. this chart have been more or less accurate for over a year.

whats interesting is that these indicators have'nt been moved since early 2023, and still hit the spot on local high and low this year, almost a year after the indicators got placed. first it shows the tap of the ascending channel at 49k rejection, straight down to a massive supportcluster that fueled btc for a 10k gain back upto the 45-49k range. we are currently accumilating in this range, 45-48k and when we break 48k the next resistance cluster is in the 51500-52500 area. currently holding a long that got entered the sec we broke down in the fakeout and tapped the 100d ma. this window happened for less than an hour, and the chart delivered.

I would be cautious with people that push hard on new ATH soon. btc have never had a local ATH before a halvening. etfs might make this a different cycle, but this far the etf suppliers have'nt bought a single btc on the spot market. its utc from grayscale or goverment auctions, so they have'nt really supplied much fiat into the market, but when they liquidate the assets for their customers 'stolen' funds siezed by goverments get put back into the liquidationpool. some of the btc in the ETFs have'nt seen daylight since silk road, and most likly alot of the mt.gox btc will also be funneled and liquidated into fiat and sold utc to the etf suppliers.

Past history is not indictive of future events. learn a new indicator every day.