Are you ready for this?
We’ve seen it before.
Look at this huge base that Bitcoin has put together over the past few years.
The way I learned it many years ago was, “The Bigger The Base, The Higher In Space”.
This saying goes back to before the 1950s, according to the late great Alan Shaw.
What this price behavior displays is a long period of accumulation by large institutions.
This process of demand absorbing supply takes time.
The longer it takes, the more explosive the eventual resolution becomes.
Here’s what Bitcoin looks like right now: [Read more…]