We can see several reasons that the fall of 2021 will be a tight squeeze for the market. Here are some pointers to look for.
1. Long term rising wedge formation with conjuction and consolidation also in the daily channel, The period between october to december-21 will be the beginning before B-leg starts towards mid MA at 2235 region.
2. We need a B-leg...
The RISING WEDGE IS A FACT!!
The market smashed into the roof and is now holding on to dear life at the support level.
Was the fast crash connect to Corona? Yes, BUT it was not until we reached the roof that the market went into reverse mood, and that faster than ever!
So where do we go from now?
We should most likely see:
A: Sideways movement due to the...
In a macro sense the store of value concept for BTC is getting bullied by the big kid in school. Gold shows of its true value during these times and is as stable as my mothers love <3.
Yes BTC is still a teenager trying to find its place and needs to develope a bit more before it can play with gold for real.
While we all can utilize BTC volatility, we need to...
