The position shown is a potential crash zone. I'm well aware that 'everybody' thinks BTCUSD is going to $100,000 soon. There are problems ahead that 'everybody' is not factoring in.
Firstly the technical set up is showing something important in this analysis. Bitcoin has had a major long run up to approx $58,200.
Next - there is an important trend switch....
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
is currently in a confirmed downtrend .
Historically, there is a strong positive correlation
between the US Dollar Index and the US...