LagrangeSpace

LagrangeSpace

The current accumulation phase appears to be finishing soon, from February 21st --> March 21st today. Previous phase was January 8th --> February 8th, after which the price was catapulted $16k upward from $42k to $58k after the ATH retest. Institutions have entered bitcoin in full force the last months, from MicroStrategy and Tesla to more recent Square, with...

LagrangeSpace

We are in a new bullrun. For the past two weeks we could see that 2021 was not a repeat of 2017. The rocket wizardry of Elon Musk has just started. Many of the heavy sellers are left behind at lower levels. It is demoralizing for big sellers when the price repeatedly increase after each sell-off, reducing the future sell pressure even further. I'm not placing...

LagrangeSpace

A few bitcoin ideas with open ended chart. I'll start off with the observation that 2021 is not a repeat of 2017, which was demonstrated the last Friday in January, just over a week ago. My previous bearish analysis had to be significantly re-evaluated at that point. A repetition of 2017 would have expected a significant drop on that day and instead we saw a $6k...