BLX CHART SHOWING WE ARE ON THE VERGE OF SOMETHING MASSIVE
The BLX chart volume signature is showing we are on the verge of an absolutely HUGE new shift in the market.
I don't want to say which way - Bitcoin can ALWAYS go either way, although if you look at my previous posts you'll know which way I'm leaning...
But when you at look at the BLX chart, you will see that volume ROSE steadily, peaking at the halfway point of Bitcoin's full lifecycle - 55 months in and at the bottom of the previous bear market, on Jan 1., 2015- and then went on a steady decline up to this month, which happens to be exactly another 55 months further along, and the volume has returned to where it started at the very beginning of it all, 10 years ago.
This, to me, is a fascinating discovery that points to an absolutely massive move in the very near future (ie, within the next month or two). If the move is to the downside, Bitcoin will be losing value for the first time ever and we will almost certainly break our 3K bear market low. If it's to the upside, we will be hitting new highs. Of course - this will all take a long time to play out, but I believe the move will start either this month or next month.
I don't want to say which way - Bitcoin can ALWAYS go either way, although if you look at my previous posts you'll know which way I'm leaning...
But when you at look at the BLX chart, you will see that volume ROSE steadily, peaking at the halfway point of Bitcoin's full lifecycle - 55 months in and at the bottom of the previous bear market, on Jan 1., 2015- and then went on a steady decline up to this month, which happens to be exactly another 55 months further along, and the volume has returned to where it started at the very beginning of it all, 10 years ago.
This, to me, is a fascinating discovery that points to an absolutely massive move in the very near future (ie, within the next month or two). If the move is to the downside, Bitcoin will be losing value for the first time ever and we will almost certainly break our 3K bear market low. If it's to the upside, we will be hitting new highs. Of course - this will all take a long time to play out, but I believe the move will start either this month or next month.
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