I wanted to put the Trump narrative of the "Greatest economy in the history of our country" to rest. The fact is that the volatility in the markets we've experienced throughout the Trump years was unprecedented. The reasons for this can be debated. But the facts are the facts.
In my previous post I illustrated the worst case scenario for BTC in the short term heading back down to test the top of the massive descending wedge to confirm as support. This is another possibility... though only time will tell!
BTC is approaching a confluence of (3) major trendlines which have been recently provided good support. The dark red trendline is a major historical support/resistance line. If we bounce hear I would see that as very bullish. If we fail things could get very ugly.
BTC broke out above the center-line of the massive months long descending wedge and has re-established it as support forming a bullish descending triangle above it.
