Wow, Gold continuing its bull tear since Dec.
Insiders must be thinking (knowing?) we'll get some bad news this year. They're always 6-12 months ahead of the public.
Gold price, before 2010, has been rising for 8 years starting from 2002. So... it might not be indicative of anything...
I don't think I've seen BTC prices "flatline" within such a narrow range, for as many hours as it has, in quite a while.
Very very unnatural.
Yes I notice that. See my post I think it's worth starting a thread to discuss. Very bizarre.
https://bitcointalk.org/index.php?topic=3272277.msg34117117#msg34117117I'll do my best to be bearish for you. <snip>
As a permabull, I'll make an even more bearish statement.
In Bitcoin's history, there has never been a downtrend reversal and start of a new bull run, without first pursuing a major stop loss hunt and major long liquidation. Never.
So take that for what it's worth.
Not sure there would be any major long liquidation anymore to be honest.
Anyone not selling at $6K will probably not sell at $2K or below.
I won't.
Only a breakout that is 1/3 away from apex of triangle is significant.
If btc manages to exit the pattern from the apex, the direction of exit is not important