Circa 1988 the Economist predicts the demise of fiat currency with a new currency rising as a phoenix circa 2018
Circa '96 the NSA publishes a paper on cryptos
2009 out of the ashes of the GFC, bitcoin arises...
Bitcoin is the ultimate risk-on asset
And only does well in dollar bear phases
What happens next is all about King Dollar...
Disclaimer: this post is for information only; nothing here represents advice
Chart: dollar bull phases marked- pitchforks off major pivots used on the btc chart
TDLR:
dollar ded = bitcoin to infinity
dollar not ded = btc ded
Circa '96 the NSA publishes a paper on cryptos
2009 out of the ashes of the GFC, bitcoin arises...
Bitcoin is the ultimate risk-on asset
And only does well in dollar bear phases
What happens next is all about King Dollar...
Disclaimer: this post is for information only; nothing here represents advice
Chart: dollar bull phases marked- pitchforks off major pivots used on the btc chart
TDLR:
dollar ded = bitcoin to infinity
dollar not ded = btc ded
Commentaire:
Market Geometry
Select three major pivots high-low-high or low-high-low
A, B, C
The median line as per Dr. Alan Andrews is the bisector of BC from A
80% of time price comes back the median line, which is a potential reversal point; or a push through the median line can come with additional momentum