BTC Inverted Cup and Handle - and NASDAQ correlation to BTC

2021년 5월 30일

A lot of opinions floating around about how BTC will do in the next while.

Opinions aren't as reliable as charts.

Inverted cup and handle is incredibly close to being confirmed. The potential drop is huge.

Based on the pronounced correlation between NASDAQ and BTC lately (BTC as a leading indicator), this could be a huge mess for equities.

2021년 6월 2일

노트

The dance on the knife's edge continues...

So much trepidation in the market this week so far. Lots of greed being checked by caution (just don't look at the AMC/GME charts)

2021년 6월 4일

노트

The sideways chop doesn't say a damn thing.

I'm waiting for drop under like $32k-$33k.

2021년 6월 7일

노트

Now possible bearish flag. Key price may be more like $33k-$34k

2021년 6월 7일

노트

$33K-$34K. Stay tuned...

2021년 6월 8일

노트

Looks like the mirror is broken. NASDAQ is no longer trading in sympathy with BTC.

Possible money is flowing from BTC into equities (in particular, meme stocks which are well loved by a lot of the bitcoin crowd).