Bitcoin bottomed, appropriately enough, on the day that FTX blew up. Since then, it has pushed up massively, but even over the course of an entire year, it has been remarkably compliant with one simple trendline.
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Bitcoin bottomed, appropriately enough, on the day that FTX blew up. Since then, it has pushed up massively, but even over the course of an entire year, it has been remarkably compliant with one simple trendline. It moves to “overbought” and “oversold”, and at the moment it’s more or less fairly-valued (if we can even use such a term).
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Charting The Market LandscapeI tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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