you see this chart wyd? Resistance turns to support and then 180's the narrative again. Consolidation leading to small but convincing moves upward in final bull triangle shown here. let's see if it keeps this range
As I have pointed out before, BTC likes to bounce at the .886-1.13 and the .618 retracement.
Every retraced run has resulted in 100% accuracy of the predicted move within roughly 100pts
of the retracement mark. The retracement for 2 runs ago gave a nice bottom pattern within 100pts,
and now this leg up has come within 100pts of the .618.
The strategy is to...
Take this analysis with a grain of salt as it is just an idea. I was surprised to see the price maintain a somewhat sideways trend despite the attacks this summer so the hodling continued.
Any feedback as to why you believe this asset is crippled and fundamentally lacking would be greatly appreciated.
Thank you.
