Long Term, I have every belief that #Bitcoin will stay above this long term Lower trendline on a weekly chart
However, as we can see from March '20, given certain fundamentals, it can wick down below But recovery was relatively quick
Tomorrow, Jan 9th, We have possible another HUGE Crypto problem with the contested Debt that Digital Currency Group ( DCG ) has.
The Debt of over $1 Billion. DCG owns a number of well known companies, such as Genesis, Greyscale and CoinDesk
Imagine it defaults on the debt.
This is where my chart comes in..A Similar wick down, as we had in March '20, takes PA to around the $12200
This could create a cascade However, the buying oppertunies here are ENORMOUS
Another Date of note on this chart is beginning Apr '23 - if we have not broken above that long term trendline by then, the Squeeze here will be Epic.
I have puvlished a Fractel chart that happens to agree with this idea within allowable Tolerances of Error
But TOMORROW is the big hurdle - stay safe guys ad Gals
However, as we can see from March '20, given certain fundamentals, it can wick down below But recovery was relatively quick
Tomorrow, Jan 9th, We have possible another HUGE Crypto problem with the contested Debt that Digital Currency Group ( DCG ) has.
The Debt of over $1 Billion. DCG owns a number of well known companies, such as Genesis, Greyscale and CoinDesk
Imagine it defaults on the debt.
This is where my chart comes in..A Similar wick down, as we had in March '20, takes PA to around the $12200
This could create a cascade However, the buying oppertunies here are ENORMOUS
Another Date of note on this chart is beginning Apr '23 - if we have not broken above that long term trendline by then, the Squeeze here will be Epic.
I have puvlished a Fractel chart that happens to agree with this idea within allowable Tolerances of Error
But TOMORROW is the big hurdle - stay safe guys ad Gals