njscipione

Bitcoin - An Inverted Perspective

INDEX:BTCUSD   Bitcoin
Here is an interesting view of Bitcoin, INVERTED, in a monthly timeframe on a logarithmic scale. Forget what you think you know about where Bitcoin is and your future forecast for where it’s headed and look at what the chart is saying when you turn Bitcoin upside down. If you were looking for long opportunities and saw this chart formation, the first image that pops in your head, intuitively, is the early forming of a cup and handle. Now remember this is Bitcoin flipped upside down…when you flip it back over, do you second guess the bullish bias that is currently present?
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