OS#4 BTCSUSD ELECTION SHENANIGANS, DRAFT 1
IN EARLY SEPTEMBER, BTCUSD DROPPED 2000 PTS AND FACED SHAM CALLS FOR 6000. IN THAT MOMENT, PRICE REGRESSIONS WAS SHOWING 16000 WAS LIKELIER THAN 6000. NOW AT 11,400, WHERE ARE THE 6000 CALLS?
Notes: There's a lot of ambiguity surrounding election time. But if it tags 12,000 or this circle, you want to stay out of crypto for a few weeks because the setup is very strange and not in a good way. Maybe more updates as we get closer to 11/7.
Notes: There's a lot of ambiguity surrounding election time. But if it tags 12,000 or this circle, you want to stay out of crypto for a few weeks because the setup is very strange and not in a good way. Maybe more updates as we get closer to 11/7.
Comment:
So here is 1-day basis from my phone w 1 day bars. Not great for detail, but price leads the blue line. Dont take this assess the wrong way. I am not bearish bitcoin. What this is really saying is giant sized staircase up. Just that there will be significant vol in between each blue and red wave from 1-day bars.
Comment:
So chart above is 2-day, which I like more than 1-day basis in corrective mode. What's interesting is 1-day looks even worse along same trends up for a week or 2 or 3 and then smackdown.