First high TF bullish pattern formation since May-July 2021

١٦ ديسمبر ٢٠٢٢

What if the low is already in? A look back at the patterns we have since early 2021, it is the first time since China mining FUD in May 2021 we have a bullish pattern forming again. This is the weekly chart so this is more of a longer term idea...also, the bullish MACD cross on the weekly is still intact. But you pretty much cannot trade this in the crypto stocks, all mining stocks, crypto trust, MSTR are all completely uncorrelated to btc right now on the upside (more correlated to the equity indices), but perfectly correlated to the down side. So holding physical btc and hodling is the only option...