As a disclaimer, I don't exactly anticipate that this will happen.
That being said, I anchored this 'bar pattern fractal' back in January and Bitcoin has been following it to a tee thus far.
Today I simply converted it to a line pattern to capture a clearer picture of the possibilities here..
The Bitcoin Fear and Greed index hit '20' yesterday, which exemplifies 'Extreme Fear'. Now is an excellent time to take a step back, deconstruct the nature of our socially constructed realities, and ponder yet once again what the future may hold for bitcoin.
The meta is there. Hyper-inflation in developed countries is around the corner. Bitcoin is a solution to hedge one's self against said inflation. Real estate keeps going up? Bitcoin is real estate in your pocket; with no maintenance required; no property taxes; no HOA fees.
All things considered, my instincts tell me that we are in the intermission phase right now as it relates to Bitcoin. Let it consolidate for a few more weeks, or even correct back down to $38,000-$43,000. Who cares? The point is the general trend is up.
This is half-time. Get up, walk around, stretch a bit, but you better get back in your seats before the third quarter starts.
(not financial advice ;)
That being said, I anchored this 'bar pattern fractal' back in January and Bitcoin has been following it to a tee thus far.
Today I simply converted it to a line pattern to capture a clearer picture of the possibilities here..
The Bitcoin Fear and Greed index hit '20' yesterday, which exemplifies 'Extreme Fear'. Now is an excellent time to take a step back, deconstruct the nature of our socially constructed realities, and ponder yet once again what the future may hold for bitcoin.
The meta is there. Hyper-inflation in developed countries is around the corner. Bitcoin is a solution to hedge one's self against said inflation. Real estate keeps going up? Bitcoin is real estate in your pocket; with no maintenance required; no property taxes; no HOA fees.
All things considered, my instincts tell me that we are in the intermission phase right now as it relates to Bitcoin. Let it consolidate for a few more weeks, or even correct back down to $38,000-$43,000. Who cares? The point is the general trend is up.
This is half-time. Get up, walk around, stretch a bit, but you better get back in your seats before the third quarter starts.
(not financial advice ;)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
