BTC Inverted Cup and Handle - and NASDAQ correlation to BTC

2021年5月30日

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.

2021年6月2日

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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)

2021年6月4日

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The sideways chop doesn't say a damn thing.

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

2021年6月7日

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

2021年6月7日

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

2021年6月8日

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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).