Public Chart: The Long-Term Look at Bitcoin

I don’t personally have any attachment to crypto. I don’t think it’s the future of the financial system or anything like that, per se. Personally, I think it’s a speculative asset that has a remarkable way of reflecting liquidity in the markets. And so I watch its structure in an effort to help me to influence my bias in a way that may favor the future direction of liquidity.

So let’s take a look at it, from inception.

From the very beginning, I think we can see a very clear 5-wave advance with excellent fibs up, down and sideways:

BTC

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Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


Public Chart: And a Quick Look at Bitcoin

The last thing I want to look at this weekend is Bitcoin.

On the one hand, we may view this as a failed breakdown from this big bear flag, constructed from parallel rails:

BTC

Read more “Public Chart: And a Quick Look at Bitcoin”


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.