WallyWorld

WallyWorld

We have opened and closed across an important trend line for only the 4th time in BTC history. Each time = straight up. No predictions from me, just the facts.

WallyWorld

Call me crazy but Bitcoin only does one thing on this side.

WallyWorld

Based on the history, we are not supposed to be in this long term log trend channel. We should have had parabolic entrance and quick out for 40% correction. We are in for something that has not happened in BTC, unless you count the earliest days of trading. I didn't believe it either. Happy Disbelief !

WallyWorld

Explanation of what could be causing this price action. 1. Trend lines from previous bull run S &R are acting like magnets for the price. Drawing the pice higher. 2. We will pop up or down from these trend lines. 3. If we pop up into 10K we will enter 3rd cycle prematurely and will likely suffer a violent reaction down to 200 SMA. 4. If we can stay out of 3rd...