$BTCUSD, rally into rate cuts?

24 Ağu

BTCUSD has been coiling for some time now in a right angled descending broadening wedge.

A measured move of this cone so far would place BTC at right around ~100k.

This aligns well with historical performance of BTC heading into a cutting cycle. If we rally into September and have a selloff following the cuts (sell the news), I wouldn't be shocked. This is a pattern that has happened in multiple years of the previous QE/QT Cycle (2016/2017, 2019/2020).

The real fireworks will be in 2025 if things go according to the FED's schedule

18 Eyl

Not

Following the path exactly as expected :)

30 Eyl

Not

Playing out beautifully