Thoughts? May not hit it but i think this is the right direction! REMINDER DXY IS OFFLINE UNTIL SUNDAY ~530pm EST (So no influence there. That is why we pump or dump (not boring random patterns like week days) on weekends! Weve been going up pretty much every weekend except this last week of course :) You guys agree? Thanks!
If youve been following my other posts, please let me know what you think about this so far. I Have compared other currencies, funds, etc... And nothing comes close to btc (USD index!) - Wonder why :) Just another chart. Keep your DXY on your charts - notice i can predict what the next portion of the pattern will resemble* Give it a thumbs up if you are seeing...
I will leave a link to the ORIGINAL post i made about this when DXY could NOT climb higher because well.. Youll have to read my anti-btc rant section for that :) If you dont tell me those trends are identical (Nearly tick for tick) minus the part where they "Do not follow the trend or change the ratios for scalping reasons" - Then you are just trying to get more...
Not sure why this is confusing? Look closer at moving averages. YES wedge may extend further...
This is where BTC is going.. We are in a RISING WEDGE PATTERN FYI...
My thoughts (roughly) on this weekend - BTC DXY is turned off.. Amazing when DXY goes offline (Friday night) how the patterns start to "think different" - We may pop out of the weekly pattern as usual if you look back at other recent weekends! Remember = BTC has done a LOT of accumulating this last week! So much many of us thought BTC was going down to 0!...
LONG NOW I YOU READ THIS NOW!!!!!!!!!!!!!!!!!! If you use, Trade, or have any interest in Crypto i highly recommend you read this post. Its a bit long, it has a rant at the end, but i think many of you will find it meaningful and hopefully helpful to you... Note after writing: Crap i dont have enought posts to put links in here... Ill try to use the section...
Please see my original post that explains this in depth. Sorry for the length... ALSO DONT FORGET TO CHECK OUT THE SYMBOL BTC.D (bitcoin dominance chart - see each of them for all cryptos!)
The story of BTC - In original POST. To be added as sub content :) ACCORDING TO THIS, WE ARE ABOUT 20,000$ off of where BTC should be, huh.. Go figure... Guess we need more people to FOMO! BTC will never reach 20k $, because then all the millionairs would NOT be millionaires anymore... Everyone would :) It is going to go in waves, keep the hype going and always...