BitcoinUpdated Bitcoin as a dollar hedge
Circa 1988 the Economist predicts the demise of fiat currency with a new currency rising as a phoenix circa 2018
Circa '96 the NSA publishes a paper on cryptos
2009 out of the ashes of the GFC, bitcoin arises...
Bitcoin is the ultimate risk-on asset
And only does well in dollar bear phases
What happens next is all about King Dollar...
Disclaimer: this post is for information only; nothing here represents advice
Chart: dollar bull phases marked- pitchforks off major pivots used on the btc chart
TDLR:
dollar ded = bitcoin to infinity
dollar not ded = btc ded
Circa '96 the NSA publishes a paper on cryptos
2009 out of the ashes of the GFC, bitcoin arises...
Bitcoin is the ultimate risk-on asset
And only does well in dollar bear phases
What happens next is all about King Dollar...
Disclaimer: this post is for information only; nothing here represents advice
Chart: dollar bull phases marked- pitchforks off major pivots used on the btc chart
TDLR:
dollar ded = bitcoin to infinity
dollar not ded = btc ded
Note
ACTION | REACTIONMarket Geometry
Select three major pivots high-low-high or low-high-low
A, B, C
The median line as per Dr. Alan Andrews is the bisector of BC from A
80% of time price comes back the median line, which is a potential reversal point; or a push through the median line can come with additional momentum
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.