Both the BTCUSD and BTC/US30Y charts are showing weekly rsi bullish divergences. Also, massive flip of the Squeeze Momentum soon.
Going to long to $GBTC, $SI and $COIN.
Long-term BTC outlook remains bearish, possible scenarios drawn in the cyan lines. Downward scenario seems more likely than an upward move from here. Looking more and more clear of a potential technical pattern of a three drives pattern shown, with the final 3rd drive incoming, down to a target level of around $10k to $7k, forming a bottom, at around Jan-Mar of...
Breakout of long-term downtrend in the inverse, major resistance (support) at $10k, with a topside trendline extending from peak of 2013 to bottom of 2019 (yellow line).
Continuation of downtrend after reaching peak (bottom) $10k resistance (support). Resume downtrend (uptrend) towards $120k by 2027.
I find it much more intuitive to look at the bitcoin chart in...