Bitcoin: Caution ahead!

Bitcoin weekly chart is forming an ascending wedge pattern!
If your new to the space you know that Bitcoin moves in cycles, Every 4 years, Bitcoin has a Halving event, where the supply is cut in half, this then drives up the prices, by reducing supply, increasing demand, and in turn, Increases the prices of Bitcoin.

Now, at the end of this cycle, we get a bear season, usually where Bitcoin drops between 70 and 80%, and this is usually where you will see most people claiming it's the end, bitcoins going to zero, and "it's all a scam" type comments. This is usually from the ones that haven't seen through a cycle, or experienced the end of a cycle before.

We can however, prepare for this, and to steel ourselves against the potential reversal, and this chart is clearly outlining what to expect...
Every time we have hit this trendline top, we have rejected, seeing a possible 30% decrease in price, before reacting back up, It also clearly dictates, where the top of a cycle usually is.

I'm not calling the top here, but we do have to prepare for the possibility that we can at any point reverse, and retrace back to the lower part of this trend channel, which when looked at objectively, is the basis of an ascending wedge currently, which is the first sign, we should be looking for, for a reversal in an uptrend.

Now, this is on the weekly chart, so it's not going to play out immediately, however you need to start preparing and taking precautions in the eventuality that this plays out, Take profit and trade smart, prepare for any eventuality, and your do well in this space!