I've been trying to learn about chart patterns over the past month or so in an attempt to make sense of BTC's movements. I've been watching this descending triangle for the past few weeks, which is a bearish chart pattern. This pattern coupled with low volume seems to indicate trouble ahead.
I bought into BCI this year as an inflation hedge and a play on the potential start of a long-term commodities upswing. However, I am generally skeptical of the asset class overall simply because commodities tend to have prolonged down cycles where they drag down the rest of the portfolio and since I think the global trend toward automation is ultimately...