After hearing "longest stock market bull run ever" back in September I've been calling on an eventual bear market. Markets are all about timing, however, and it looks like the time has come to short the next "stock meltdown".
I'm a complete novice still, but I'm learning. This platform should be used for expressing ideas and that's exactly what I will continue to...
Bitcoin is following a logarithmic growth curve. The diminishing returns along with constant growth over time shows how this revolutionary digital money may gradually earn the trust of everyone in the world. Not in the next decade or maybe even two, but if the growth continues steadily as it has then eventually everyone will submit to the almighty Bitcoin ;)
Is the bottom in, is it not? That's the question on everyone's mind. One diagonal resistance line on the chart with no fancy indicators and we have our answer only proven with time.
Until we move sideways and act like that resistance doesn't exist it's safest to assume we're still in bear mode. Pretty obvious that the winter is coming to an end though,...
We have come down fast and hard on $BTCUSD and to me it is clear the bottom still isn't quite in yet. However, the 5400 region does not seem to be tested as resistance fully, and dates all the way back to the bull-run of 2017 as a key area.
It looks like we have the opportunity of forming an inverse h&s to reach this region in the next week or two. This would...
So a month or two I called a cup&handle on this bad boy, but I might've been too quick.
This time the pattern looks more established and if Bitcoin behaves, maybe we can see a big move before more pain.