Bitcoin's Hotel California Wedge announces rewards program

Jun 11, 2020

The wedge broke downward today, forming a "new" wedge. Let's get the point. I see two possibilities and one probable event. We will probably trend sideways through the rest of today. The question is whether we're going to resume dumping tomorrow or begin printing a recovery. This was a decent correction. A slightly bigger dump would be better. C'mon, bitcoin, daddy needs a 13% loss! My assumption is that for psychological reasons, we've entered into a bearish week and will continue seeing dumps for the next six or more days. If you'll notice, stocks and a lot of alt coins took pretty much the same hit that BTC did. The reality is that there's a good case to be made for an adorable little "w" shaped recovery to unfold over the next three to five days. If we don't see a recovery unfolding within three days, then I expect another dump. The floor on that dump would be around 6500. Keep on eye on the stock market. We may be temporarily tied to it.

Jun 21, 2020

Order cancelled

This is interesting, because it began following my bullish path then dipped into the bearish path and then went right back onto the bullish path. I feel that I should've seen that 8900 support level clear as day. Hopefully next time I'll put the pieces together before this happens instead of after