(Chart view looks weird, see image below instead) Here's a pattern I've enjoyed emerging for the past few months. It seems to not be following the usual rules regarding support and resistance lines, which is why I missed it at first. That is likely due to the nature of these CO2 credits and the way they are traded. To me it seems pretty clear that it at least...
Here's something I've been playing around with. The idea is that we're potentially almost at the end of an unusually short Wyckoff accumulation period. Coincidentally, then the spring would fit well with the time of the ETH merge. The merge could mean there's a lot of people that's playing the "buy the rumor, sell the news" game - potentially meaning a lot of...
The recent drop in BITSTAMP:BTCUSD price could be interpreted as a ST in Phase B, meaning we're to expect a bounce to the upside, before going even further down to finalize the accumulation. If so, potentially a slow uptrend from here (or a little bit lower) until the fall/winter of 2022, with a full spring back up in late 2023.
I'm expecting some sideways trading in the range of 44k-49k in the coming week, possibly a brief push above 50k. Real uptrend to start when 50/200 MA ("golden cross") is reached. Late August will be paving the way for an extremely bullish September. Continuing my HODL strategy. Will buy more in case of an unexpected dip.
We're getting closer and closer. I'm expecting a bounce to the upside soon.