This is an all-time log chart for Bitcoin, showing the percentage it has changed over time. Of course in trading and investment, percentage change is the only metric that matters: You invest an amount into an asset, and hope for a certain percentage return. The actual asset price doesn't matter a hoot.
As you can see, the recent "massive" dump actually looks...
Bitcoin making a big head and shoulders pattern, and it's looking like decision time will happen around the end of June. Up or down? I have NO idea! Place your bets please...
Just under a month ago BTC crossed below the 200 day EMA, as it dumped towards $30K. Since then, it has been a grumpy bear and the whole market has been depressed and sideways. However, yesterday there was a potential glimmer of hope, as BTC poked its nose above the 200 day EMA once again. It was rejected that time, but if it tries again more convincingly, and...
Here's my idea for BTC near-turn future, based on Elliott waves: We've had our 1-2-3-4-5 up, and it looks to me like it's time for the A-B-C correction. But my feeling is this won't be the super-dramatic mega dump that some are suggesting... there's simply too much big money involved in BTC now, and I think the whales will step in to prop up the market.
I think...
