The main idea behind this scenario is that Bitcoin will not go into a bullish bias until G20 summit in March.
"U.S. Treasury Secretary Steven Mnuchin has indicated he is planning to raise the subject of cryptocurrency regulation during an upcoming G20 summit to be held in Argentina in March."(coindesk)
I expect that BTCUSD will go into lateral movement between...
I'm updating an old chart so you can see how the methodology worked here.
EURUSD had a dramatic drop lately, but it has found support at a very important support level originated from price action surrounding one of the G20 summits. In these, typically we've seen attemtps to curb dollar strength, so they have worked well with EURUSD as reference and also, as...