natoil42.eth
@natoil42
For Bitcoin it's make it or break it It has been an exhausting 8 months of sideway-bearish market, which has knocked retail investors and cryptocurrency traders off their feet. A thread. [🧵1/n]
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natoil42.eth
@natoil42
For many retailers it was a 215-days long time capitulation: they have been slowly pushed out of the game by the failure to overcome the all-time high, and by the $BTC price action that has shown much weakness against traditional markets, as shown by the bearish correlation with SPX500 index. A first positive signal is that this correlation seems to have found a top (red zone) from which it is now moving away for the third time since July. [🧵2/n]
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