Technical analysis by NoSecondBest about Symbol BTC: Sell recommendation (9/16/2024)

Since inception bitcoin had the following pattern:- 3 years bull market (Green area), 1 year bear market (Red area)- 3 years bull market (Green area), 1 year bear market (Red area)- 3 years bull market (Green area), 1 year bear market (Red area)The Bitcoin post halving pump is a crowded trade.We posit that the last 4 year cycle will be the reverse.1 year bull market followed by a 3 years bear market.Note: This thesis is the 16 year market cycle theory. The Dotcom Bubble had a similar 16 year cycle. It is also part of a larger 51.6 years cycle theory.This theory will be over if bitcoin manages to go > 74K. So far it hasn't.The theory will be invalidate if there is a new All Time High and March 2024 is not the macro ATH.Bitcoin reachec 73,620 on Binance on Oct 20, 2024. The March 2024 ATH was 73,777. So Bitcoin was within $156 to invalidate this theory.This thesis is dead. Trump got elected and let's pump everything!!