A boring halving: Bitcoin always does what nobody expects

11 במאי 2020

Bitcoin bulls and bears are divided over what today's halving will bring,
but Bitcoin being Bitcoin might do what everyone least expects: nothing.

We could see pressure build up with the 100MA & 200MA providing strong support from below,
while the last major downward trend line continues to put pressure from above.

Here are the big waves before and after the 2nd halving.

At first glance it looks like a couple of nice big barrels,
but on closer inspection we see that the immediate 3 weeks after the 2nd halving was nothing but sideways chop.

Which direction will this Big Wave break?

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RIDE ON TIME
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14 במאי 2020

הערה

Top of trading range hit.

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My trade
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Buy: $8,789
Sell: $9,383
Performance: +6.75%
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I think it's time for the wave to crash back down,
but I won't be riding this one just yet.