It's been a wild ride. Bitcoin downside range has been met and now we've formed something that we can work with. We have a powerful reversal setup on our hands. If we can break above the neckline and clear our 180 day directional moving average (red line) the bulls will be back in control. To support the reversal pattern we are seeing, the US Dollar Index $DXY is at multi-year support in an environment where inflation fear is the highest we've ever seen. When/if we break downward, we will likely see a big rush into assets as people fear the Dollar.
