Fundmentals : See previous analysis of the US dollar.... Technicals : Horizontal support Divergence Rising RSI and other indicators Rising Trendline a-b-c extension fulfillment Possible Wave 2 61.8% support confluence with horizontal support Target : Upper part of the rising daily channel @ 0.9415 to 0.96, where I believe the minimum limits of wave 3 starts to...
George Soros' general theory of reflexivity states that investors don't base their decisions on reality, but rather on their perceptions of reality. I will attempt to apply this theory to the Bitcoin asset bubble. First, assume that Bitcoin is in a positive reflexive feedback loop. There are two components to this: an underlying trend that prevails in reality,...
Not a lot of commentary on this one. Just know that when it hits the true top, it's going to come back down even faster, with frightening speed. Watch carefully and you'll know, listen to your gut when it tells you. Only the strong shall survive, it WILL crash back down again, and the cycle shall rinse and repeat. History tells us that. This is simply the nature...