The Crypto Comms #26

  1. Bitcoin analysis
  2. Confluent charts
  3. Latest happenings
  4. Listening material

Perspective

At some point, the endless side-ways price action starts to get to you. Boredom sets in, you begin to deliberate whether this asset is a failed experiment, your decision making comes into question. ‘Did I back the wrong horse?’ You ponder your existence, life itself, the cosmos, the origins of the universe. Math.

Mount Olympus summit

Bitcoin analysis

Bitcoin ranged between $19,950 — $18,150 for the better part of a week. This is nothing new. In fact, Bitcoin has been in a perpetual state of ‘chop’ for the past few month(s).

BTC/USD 2D chart; bullish RSI divergences

Confluent charts

The dollar index has rejected off 113.2, forming a tentative double-top. Barring a daily reclaim of this level, a move to 108 is on the table. Dollar weakness is generally good for asset prices.

Latest happenings

Listening material

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Chris on Crypto

Chris on Crypto

71 Followers

Journalist-turned crypto-writer & analyst; forging the narrative, stacking sats.