Bitcoin Kraken/Crackin'(pun intended) March 22 Update

29 mar 2023

Regressive Wave 1 in Regressive Wave C was cut short. I say this because typically a thrust out of a Rising wedge doesn't stop until reaching the starting point marked at the "Bearish Rising Wedge Potential Minimal Target", point on the chart.
That said, from my perspective it appears Bitcoin's price structure is in what I deem to be a Flat pattern and currently within the concluding point in proregressive Wave C within Proregressive Wave 2 within the Flat.

The only thing that I'm a bit concerned about at this point which contradicts my count is Gold's Potential Monthly Cup & Handle Pattern.

If this Bitcoin count pattern pans out then Bitcoin's price will indeed be cracking, in my humble opinion.
All the best!'

30 mar 2023

Zlecenie aktywne

The overnight Asian market hour push appears suspicious and will be considered an outlier until proven otherwise.

This article may be of interest to some:
There’s a wild theory that the price of Bitcoin is being propped up—and the academic who proved manipulation in 2017 suspects it may be happening again

In my humble opinion there is no doubt that an illiquid commodity such as Bitcoin can be easily maneuvered one way or another through direct or creative means to achieve an end. Be vigilant............