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Revisiting BTC

Revisiting BTC

Revisiting BTC

Revisiting BTC

Bitcoin / US Dollar Perpetual Inverse Swap Contract BITMEX:XBTUSD
ridethepig


Revisiting BTC

Time to start dusting down our BTC charts…

  • It’s been a few since we’ve looked at this in great detail, time to dig deeper and pick out some key areas to start monitoring for doing business in
  • From a waves perspective, despite the retrace, Buyers are in full control with $218,000 now the next target in the crosshairs.
  • XBTUSD directional bias also has very important characteristics and implications for a retreat in US hegemony with further instability across democracies expected until we (the people) decisively level up our technologies, voting systems etc.
  • Eyeballing momentum for later this year as we advance into this new world via CBDCs. Grab what you can. Preemptive positioning and loading at current levels is the name of the game.


A meaningful low in place for Bitcoin...


ridethepig | BTC Long-Term Macro Chart


ridethepig | BTC Market Commentary 2020.11.21
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