MISSION REPORT : JULY 31st, Year 2020
As the United States continues to print magic dollars, the country delves deeper into the realization that this pandemic is going to last much, much longer then anticipated.
Bitcoin took this as an invitation to go ahead and quietly slip us a cool +25% for watching the kids while they went and dealt with the crazy neighbor.
Deep denial-ists aside, looks like we've finally moved out of our 4 year cycle formation. The triangle has been broken, the sleeper has awoken.
The real question is.... WTF happens now? We go over 10k. We go over 11k. This is looking to easy... But is it?
Props to PlanB, and their parents for producing a prodigy. Stock to flow is looking more and more like the hidden Goonie's map on the daily.
Lets dive in and check out this rockets trajectory.
- We've been bouncing around a bit after our Arnold Leg Day but consistently defending the 11k mark even when spot dips below.
- Developing somewhat of a Bull flag with continuance div shaping up nicely for another leg up.
- 4h 21ema bounce perfectly, which also took place under 11k (Bullish).
- Rsi Loading up again just under the bullish control zone.
- 11.5k acting as both resistance and the horizontal top of our flags body.
We can talk about gaps all day, but honestly had CME been a thing back in 2017 during the last bull run, we would of had the most disgusting gaps and Bitcoin would have given those gaps the finger for another couple of months...
Flip the log on, blow this thing out to a week/month scale and you'll see a pattern forming every 4 years. Ebb n flow. It's ok to be a bull or bear, just know when to switch sides.
BTC is leaving little confirmation requirements remaining after this move. Should we break 11.5K, skys the limit. We WILL have pull backs. They will be UGLY. But the Trend will continue.
If we keep up this pace, 20K by year end starts to look more like a when then an if...
What comes around, goes around, I'll tell you why...
As the United States continues to print magic dollars, the country delves deeper into the realization that this pandemic is going to last much, much longer then anticipated.
Bitcoin took this as an invitation to go ahead and quietly slip us a cool +25% for watching the kids while they went and dealt with the crazy neighbor.
Deep denial-ists aside, looks like we've finally moved out of our 4 year cycle formation. The triangle has been broken, the sleeper has awoken.
The real question is.... WTF happens now? We go over 10k. We go over 11k. This is looking to easy... But is it?
Props to PlanB, and their parents for producing a prodigy. Stock to flow is looking more and more like the hidden Goonie's map on the daily.
Lets dive in and check out this rockets trajectory.
- We've been bouncing around a bit after our Arnold Leg Day but consistently defending the 11k mark even when spot dips below.
- Developing somewhat of a Bull flag with continuance div shaping up nicely for another leg up.
- 4h 21ema bounce perfectly, which also took place under 11k (Bullish).
- Rsi Loading up again just under the bullish control zone.
- 11.5k acting as both resistance and the horizontal top of our flags body.
We can talk about gaps all day, but honestly had CME been a thing back in 2017 during the last bull run, we would of had the most disgusting gaps and Bitcoin would have given those gaps the finger for another couple of months...
Flip the log on, blow this thing out to a week/month scale and you'll see a pattern forming every 4 years. Ebb n flow. It's ok to be a bull or bear, just know when to switch sides.
BTC is leaving little confirmation requirements remaining after this move. Should we break 11.5K, skys the limit. We WILL have pull backs. They will be UGLY. But the Trend will continue.
If we keep up this pace, 20K by year end starts to look more like a when then an if...
What comes around, goes around, I'll tell you why...
