Keeping it simple as with my recent ideas, Bitcoin in a very nicely defined channel… visible and perfect even on the weekly, daily, 4 hr candles. We will look at the daily candles here, just because. I’m expecting Bitcoin to break out of this range towards the downside. Volume has been low and hype has really been dying. Of course Inflation persists, but is it enough to prop up Bitcoin for another run ? See my previous ideas why I don’t think so. Bitcoin is still overheated. Things will NOT be different this time… Bitcoin needs to rest until the next halving of the mining rewards. Then the usual cycle can repeat. If Bitcoin visits the top line of the range again I’ll be going short, but it may just plunge right through the bottom.

Stay safe, stay sophisticated