BTC Inverted Cup and Handle - and NASDAQ correlation to BTC

30 mai 2021

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.

2 juin 2021

Note

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)

4 juin 2021

Note

The sideways chop doesn't say a damn thing.

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

7 juin 2021

Note

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

7 juin 2021

Note

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

8 juin 2021

Note

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).