Bitcoin, markdown v. distribution

Updated

Patterns repeat themselves everywhere. For fun I decided to mirror the image of the "eve" bottom around april before the big squeeze (BGD, Jesus Candle, etc.) and show what it might look like if we chop around where we currently are.

Note

Kind of expecting it to make a spring after it touches ~$6850.

Here is what I mean:

Time to get popcorn ready, because if this doesn't bounce soon it'll nosedive

Note

Squeezing looks to be starting already. This may not even touch down like I thought, it may just climb up from here

Note

Since it broke through $6800 clean as a whistle I am no longer considering this valid and am likely going to be looking more for something like my other ideas - although I am expecting a good bought ~$5.5, $4.9 to $3.8 looks like a likely midterm range

ajmd_trades

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