modestmouse

modestmouse Updated 

It's really easy to get caught up in lower timeframe price action, especially when things are looking bullish. I want to play devils advocate here and point out a long term support line (purple) nobody seems to be calling out. We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance...

modestmouse

In my previous note, I wrote about how I suspected we would see lower prices. We have clearly violated that trend line (red line shown above) and have dumped far past $5K. I take a very macro outlook partly due to halvening mechanics. The most comprehensive set of price data is the BraveNewCoin Liquid Index for Bitcoin (BLX). This aggregates price history back...