Bitcoin has the bearish set up to the left I have covered repeatedly. It looks like an ABC set up that should have us just above $1.2k-$1.4k USD.
The bitcoin dominance chart on the right is set to log because the support and resistance lines chart better as a rising wedge on the log scale than a rising flag does on the standard scale. We are clearly failing at the 200w SMA.
Normal performance on a flagpole is only some 60% so i don't expect we will see BTC.D all the way down to single digits. I expect we have somewhere between a 6-9 month altseason. BTCSD should bounce a bit around the 200w SMA and thats should be around the height of the wedge at 50% btc.d
Not financial advice, and there are a lot of ways to trade this properly.
The bitcoin dominance chart on the right is set to log because the support and resistance lines chart better as a rising wedge on the log scale than a rising flag does on the standard scale. We are clearly failing at the 200w SMA.
Normal performance on a flagpole is only some 60% so i don't expect we will see BTC.D all the way down to single digits. I expect we have somewhere between a 6-9 month altseason. BTCSD should bounce a bit around the 200w SMA and thats should be around the height of the wedge at 50% btc.d
Not financial advice, and there are a lot of ways to trade this properly.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion