Bearish flag. Bitcoin dominance is falling. Could this be the beginning of alt season? bitcoin 70% drop TBA...
Hello all The past few weeks have been a very very tough for permabulls. After the historic liquidation session in May, an overwhelmingly bearish sentiment shook the markets and especially short-term paper handed b*tches. On-chain data was not too bright either, leading to the question whether it should be renamed to Ponzi-coin. Bitcoin was going to zero, or so...
The angles are very similar in trajectory. A $470 price target represents a 22% upside in about 3 months.
This past week I have been haunted by visions of catastrophic red candles on the $btc charts. Like bottoming out at 1400-1600. The final shakeout. Beyond oversold. So traumatic it detonates an all-out bull run that makes Tom Lee the luckiest fortune teller of the season, or at least gives him a an ego boost he doesn't need. At this point I don't really care if...
Inverse H&S. Stacking long even further... That's it. -Wolfie