When the chart on the left provides no valuable information, simple and reliable tools come to our aid: logic and common sense.
During market conditions where an asset experiences a rally and constantly reaches new all-time highs (ATH), such as the current situation with bitcoin and other major cryptocurrencies, it becomes crucial to closely monitor the actions of "smart money".
Patterns like the 2017 price action fractal or the 10-year trend line on a logarithmic chart hold no significance. While these cycles may appear similar and repeat visually, they do not impact future prices.
In such a market, only one question holds importance: Are they accumulating or distributing?
