BTCGuy87

BTCGuy87

Bitcoin looks like it's currently coiling up for a move. Technicals say this is most likely to the downside but after a 50%+ correction, history would say otherwise. Some catalysts on the horizon: Most recent move was a large leverage liquidation to the downside. All the greed is out of the Market. Fear & Greed Index reads "Extreme Fear" The BWord Event...

BTCGuy87

Gold has been on an absolute rip to the upside since the March liquidity crunch. That being said, this run got ahead of itself and pulled in some dumb money + weak hands. Speculation took over and can be seen from the increasingly sharp growth over the last few weeks. We rode the upper range of the Bollinger Bands until recently and I see an incoming correction...

BTCGuy87

BTC looks like it's setting up for a nice Inverse H&S on the daily. Supporting data: - Declining RSI channel pointing to double bottom. - Low volume and Bollinger bands squeezing up. - Coincides with potential equities drop from exhausted market - Low volume - looking to explode higher - Hashrate trapped in consolidation range.