BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Well, maybe. A buddy of mine over in discord pointed out the fractal nature of what went on with gold and what is going on with bitcoin . Granted they do not follow each other perfectly but the case can be made. IF we are breaking out here I see no reason Why we couldnt go parabolic as bitcoin has a history of just such behavior. The real question is, are we really breaking out? Well, I think we wait for the weekly close and talk about that then.

All the best,

Red Boar, Darth, EzPz :)
Jan 14
Comment: The following chart is basically the last meme line I can find we have not broken...If this one goes then I have no more diags arguing bearish


Think the opposite to you - bearish on both, but good luck
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Including some wicks and not others... I like doing that to make things fit my ideas too <3
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texagg22 Weavs844
@Weavs844, It can go either way! I am just presenting an idea! I will post a follow up chart here in a second showing we have not broken out! There is still one more meme line we havent broken!
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Scygon Weavs844
@Weavs844, Draw it with all the wicks on the CME chart and you will see it fits the breakout narrative better. That pump was on a weekend and quickly sold off when CME opened on Monday.
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Interesting fractal. Unusual to see Gold at 12H compared to BTC at 2D.

Traditional markets and even LTC/ETH seem to be leading as well. Probably still has some room to run but I took leverage off my position at 8800-8840.
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@Scygon, Yeah, my buddy pointed it out to me and I just thought it would make an intersting idea.We both know bitcoin loves to go parabolic...that last meme line diag chart still got me a little nervous though
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