My hypothesis on what’s happening with btc. Short term long , medium term bearish
Earnings have been bad, we've had a wave up and we're around the daily MA resistance Expecting a short wave down till channel support soon. Intrinsic SL due to cal spread.
Seems to be a re-test of the channel. Holding 50% long BTC now. Expecting violent moves either way...
If you copy the 2008 counts. It pretty much matches now. Is this time different?
Confluent signals next week.. Fib Level + MA + cyclic low + oversold..