There is a special purity in the crypto markets that is absolutely fascinating to technicians like us.
It’s a supply and demand game to the ultimate extreme. There are no fundamentals. There are no earnings. It’s just fear and greed, no government intervention, just humans being humans.
It’s pretty awesome.
I’ve noticed sentiment is getting pretty extreme down here and the risk vs reward opportunity here is to the upside.
30,000 has been an important level in Bitcoin going back to the prior up cycle. This was our first target after completing that multi-year base: [Read more…]