this will probably break out to the upside and play catch up because of silver and gold. I probably wont sell at the $1000 level and hold long term as it will suggest a long term trend change.
The descending purple line is a connection of monthly closes, we recently had our 1st weekly close above it. - Good enough for me.
Many shorts probably trapped down low...
Watched a video about an economist talking about Japan's problems, and how deflation may happen as a result. looks like almost 30% gains against the USD is possible over the next couple years.
There is a symmetrical triangle withing a larger triangle depending on how you draw it. Price has respected both of these levels so if it can clear the next one, with a...
4hr close below penant and we test range low. close outside of the penant and lookout below!
Last year the thanksgiving family activity was showing your grandparents how to buy Bitcoin. Now you teach them how to capitulate.
I really want the market to go up, and I think it will after much more pain. Already tired of waiting for my bank to fix issues, would rather keep all my wealth in crypto..but too many people have been hurt and the HODLers have yet to capitulate.
maybe start scaling into a short as the price climbs above 7k.