Bitcoin looks like its about to close to the upside after being in a 943 day down trend. 2 or 3 weekly closes above 10.5K ... the bulls will have taken full control. Damn ! About fuckin time !
After consolidating in a symetirical triangle (begining week of 24 Jun '19 to the break down week of 23 Sep '19) and falling -30% during a 4 week period, there were 3 more dumps. 21 Oct '19 thru 18 Nov '19 (-34%) 10 Feb '20 thru 09 Mar '20 (-62%) 01 Jun '20 thru 29 Jun '20 (-15%). (The -62% drop IMO would have been closer to a -30% drop if Covid-19 were not...
Q2 of 2019 will be critical for BTC. If there is a death cross of the 21 and 200 weekly MA's price will fall to the previous ATH of $1180. Seems to be a "Fair Market Price" set at the $3.5K area: after passing the ATH of $1180 in early 2017 there were 18 weeks of price action (during the fall of 2017) in the $2800 to $4000 price range. The price as of Feb. 3,...
As you can see the CME and the CBOE are taking turns shorting and going long. The next bitcoin future set to expire is May 25 ( 36 hours away ). The next 2 dates are June 13 and July 5. What do you think??
