PoundFoolish

PoundFoolish

With inflation fears finally coming to public awareness, and every commodity in the world besides gold and silver gaining astronomically, it's due time that the shiny metal store of value catches up a bit. Here we are breaking out of a 9 month channel, forming a large bullflag. Using fibonacci projection as a target that puts us around 2700 for the next macro...

PoundFoolish

Downward channel on the 1 month chart, and we're headed south. Sorry for all the technical jargon.

PoundFoolish Updated 

Simple long term support and resistance lines. Will the crumbling system of fiat currency finally bend the knee to the king of corn BTC? We’ll find out on next season of FOMO. Stay tuned.