Bitcoin flagging... will the run continue?
Bitcoin creating a bullish continuation pattern, will it continue?
Bitcoin has started to go parabolic at this point, it's up 30% in a matter of days with very little to no dips.
Check it out:
(source: https://twitter.com/rovercrc/status/1614623940382531584/photo/1)
Now we have our biggest consolidation since the bullish impulse move began...
Will this be the pause before more gains or will it Bart Pattern us?
My guess is we see more gains over next couple days before seeing a sizable correction later in the week.
I am ultimately bracing eventually for another Bart Simpson pattern....... they blew out a lot of short positions with that one. Now they can do an Adam's Apple Collapser on the FOMO'ers
Yea I am not sure. This does feel slightly different... and it's following global equities higher. The world is bracing for an end to restrictive monetary policy, which is why risk assets are bouncing. So, this may have legs... or we just get slammed over the head with debt ceiling drama later this week and Bart Simpson back from which we came. lol
There was an interesting theory by Tucker Carlson. Basically I guess the US air traffic control system went down and then like a day later the Canadian one went down and he theorized that it was hackers who took it down and demanded ransom which coincided with this huge boost in BTC ......... hard to say but it is strange the systems went down like that when they aren't connected.
Yea I saw that theory as well. I think it's highly unlikely as I think the US would move to ban it immediately if they were being extorted using it... It would be easier to track the bad guys if you try and prevent all the good guys from using it.
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