You may want to add the 200 ema on the weekly BTC log chart. It reveals an interesting interaction with the price and white trend line.

Well well who'd have thought! Haejin - I cannot believe you didn't see this! Is it because you don't get much money for bearish posts? Not trolling, genuinely I'm a fan.

Is it only me that see's a bear pennant? And a rather pucker one at that! A H&S seems somewhat contrived.

Thanks Haejin - I'll miss your daily updates. Best wishes to you, you seem like a good guy.

Well this worked out well...............not!

I think you are correct, there's similar fractal 1-12 April. Astro change in trend also occurred on the 15/16 May. So flat, then up would be my position.

Hi Haejin - would it be possible for you to comment on the long term BTC log chart. I can't decide where it is in wave 2?

A part of it yes, but the hidden gem looks to be Elastos.

If I remember correctly Bitshares holds the transactions record. If you are looking for a coin yet to moon / generally unheard of, that could be a future dominant force I'd look at ELASTOS.

The Dot com boom at peak was $6.7T actually and happened on dial up with the internet far from the omnipresence we see now. As of today the total MC of crypto is $509B - I assume you are using USD?

Not many will have heard of this one yet - Elastos (ELA) You will do in the coming year.

It looks like we have tacked on a consolidation triangle, now heading down on the E wave. If it gets there, lets see if it holds or carries on the prior trend.

Is that a Chuck Berry song? I prefer Love Reign Over Me.

So the consensus is we are going down to $8Kish. Well at the risk of looking like a tool i'll go with, we bounce around here. Zooming out and looking at the global market cap from June last year we have

This one is falling like a stone.

Thanks Haejin, your blog is a treasure. Looks like we have breakout on BTS.

There goes the short term downtrend line, but I'd expect the price the rise faster when the next downtrend line is broken at around $15K.

Ah yes - the whole world looks at a massive H&S, and even after an almost 50% retracement, many decide to go short and then sit there perplexed as their sure thing turns sour. A rising price eventually

what a nob!

Not sure, but whatever it is, it's not what I originally came here for!