Loading ...Bitcoin
@PeterLBrandt
This is called an inverted expanding triangle or a megaphone. A test of the lower boundary would be to 46,000 or so. A massive thrust into new ATHs is required to get this bull market back on track $BTC Selling is stronger than buying in this pattern
The greatest financial engineering invented by (inventor shrouded in secrecy), meant to divert investment away from actual physical gold, is about to unravel.
Brainwashing of the highest degree. Including governments (El Salvador (Central America), and Central African Republic (Africa), are known examples).
Technical analysis always trumps fundamentals.
We’ll see.
GL
Looking at the weekly Ichimoku cloud, if we are going to drop and stay below $49,000 this year, btc has to do it in a hurry (in the next two weeks).
Once we are into October, if Bitcoin is above $49,000 I don’t think it drops below that level this year. If anything, we would probably see new highs.
The next week of trading should be spicy to say the least.